Jupiter Deal Would Fit With Strategy, Canaccord Says

Jupiter Fund Management Plc’s potential acquisition of Merian Global Investors would fit its aim for U.K. consolidation, but with TA Associates Management seemingly ready to sell at a discount little over two years after its purchase there are “questions about the quality of the target,” according to Canaccord Genuity.

Potentially, TA Associates may be attempting to create value from Merian by selling to a business it knows well in Jupiter, which suggests that a largely share-based transaction is likely, Canaccord analyst Portia Patel said in emailed comments.