Davis Polk is advising Dai-ichi Life Holdings, Inc. in connection with the merger of Janus Capital Group, Inc. and Henderson Group plc. Dai-ichi Life Holdings is Janus Capital Group’s largest stockholder. The combined group will be called Janus Henderson Global Investors plc. Dai-ichi Life Holdings entered into an amended investment and strategic cooperation agreement with Janus and Henderson, as well as a voting agreement in support of the transaction. The transaction is expected to close in the second quarter of 2017 subject to, among other things, requisite shareholder and regulatory approvals.

Dai-ichi Life Holdings is the third-largest life insurer in Japan by revenue. Janus Capital Group is a global investment firm dedicated to delivering better outcomes for clients through a broad range of investment solutions, including fixed income, equity, alternative and multi-asset class strategies. Henderson is an independent global asset manager based in the United Kingdom with assets under management of £95 billion, specializing in active investment.

The Davis Polk corporate team includes partners George R. Bason Jr., Michael Davis and Jon Gray, counsel Mork Murdock and associates Mari Foster and Shinya Fujiwara. Partner Simon Witty and associates Dan Hirschovits and Joseph Scrace are providing U.K. corporate advice. European counsel Michael Sholem is providing U.K. regulatory advice. Members of the Davis Polk team are based in the New York, Tokyo and London offices.

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