Dai-ichi Life partners with Janus
Japan’s Dai-ichi Life Insurance agrees to invest in Janus Capital Group portfolios and distribute Janus products, in return for a 15%-plus stake.
Dai-ichi Life Insurance, Japan’s third-largest life insurance company by assets, has agreed to acquire 15-20% of Denver-based Janus Capital Group.
The deal commits Dai-ichi to invest $2 billion of its general account into Janus products as well as support Janus’s business initiatives in Japan. Once the transaction is complete, Dai-ichi will also appoint someone to Janus’s board of directors.
Janus CEO Richard Weil hails the alliance as a leap forward in the firm’s development of…
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