Janus Henderson Group plc (NYSE:JHG) agreed to acquire NBK Capital Partners from National Bank of Kuwait S.A.K.P. (KWSE:NBK) on May 2, 2024. Janus Henderson announces that it has entered into a strategic partnership with NBK Wealth, the wealth management arm of the National Bank of Kuwait Group, whereby NBK Wealth?s private investments team will join Janus Henderson as the firm?s new emerging markets private capital division. The transaction is structured as an acquisition of NBK Capital Partners.

Janus Henderson plans to launch a number of emerging markets focused alternatives strategies in the second half of 2024. At the closing of transaction, NBKCP will become the emerging markets private capital arm within Janus Henderson. NBKCP will retain its investment independence and will receive strategic support from Janus Henderson as part of the relationship across the entire platform.

Yaser Moustafa will continue to lead the business and Sikander Ahmed will continue his role as Head of Middle East Private Credit, both working closely with Janus Henderson?s senior management team. The NBKCP team is expected to join Janus Henderson in Q2 2024 subject to regulatory approvals and other customary closing conditions.