Jupiter’s MBO from Commerzbank

TA Associates have taken joint ownership of the Jupiter group, with Jupiter’s management team holding a majority stake in the business. Virtually all of Jupiter’s employees have taken the opportunity to acquire shares in the new holding. Edward Bonham Carter, chief executive of Jupiter said: “Our new ownership structure creates considerable certainty for our clients going forward, with both Jupiter’s senior management team and employees participating in equity ownership of the business alongside TA Associates.”

This is the eleventh asset management investment by TA Associates and the firm has now has over €2bn invested in the sector. The firm’s investments include: K2 Advisors, PIMCO and GlobeOp Financial Services.

Ajit Nedungadi, managing director and head of TA Associates London office said: “We are confident that Jupiter’s brand and investment performance will continue to provide a strong platform for future growth and are pleased to have completed this investment in partnership with management.”