Henderson Global to acquire Milwaukee investment firm

Special to The Freeman

June 30, 2014

MILWAUKEE Geneva Capital Management Ltd. has agreed to be acquired by London-based Henderson Global Investors Ltd.

Geneva, a Milwaukee investment firm, manages $6.3 billion of client assets, according to a statement. The company has 25 employees and will continue to operate in Milwaukee.

The transaction is expected to close Oct. 1.

"The team at Geneva is excited to join Henderson. With the backing of a strong international partner who is very supportive of our existing investment strategy and platform, we look forward to taking our business to the next stage of its development, said Amy Croen, co-founder and managing principal of Geneva.

According to the statement, the acquisition will increase the amount of money managed by Henderson in the U.S. to about $8 billion.