Henderson acquires Australian businesses

Investment company Henderson Group has completed the acquisition of Perennial Fixed Interest Partners Pty and Perennial Growth Management Pty from IOOF Holdings for an undisclosed amount.

At the end of September, the two groups had combined assets under management of £5bn, the FTSE 250 group said on Monday, adding the acquisitions are in line with its strategy to grow and expand its business worldwide.

"The acquisitions bring forward the business plan for Henderson Australia, adding two highly regarded investment teams to the business and provide Henderson Australia with significantly extended distribution reach," it said.

Meanwhile, the group has also announced that the 90 West Global Natural Resources Fund has been re-branded to Henderson and the 90 West investment team are now known as the Henderson Global Natural Resources team, following completion of the acquisition of 90 West Asset Management, as announced in June.

"We are pleased to have completed these important transactions,” said Rob Adams, the group executive chairman for the Pan Asia region.

“Henderson's business in Australia now has four locally-based investment teams, whose highly-regarded experience and expertise in the domestic markets will perfectly complement our global offerings.”

Henderson shares were down 2.19% to 280.80p at 0859 GMT on Monday.