Jupiter Plans £100M Acquisition of UK Charity Fund Manager CCLA

Jupiter Fund Management is acquiring CCLA Investment Management for £100 million, a deal expected to complete by the end of 2025 and fully funded from Jupiter’s existing cash resources. This acquisition will increase Jupiter’s scale in the UK market, adding over £15 billion in assets under management and opening access to new client segments focused on charities, religious institutions, and local authorities. Jupiter anticipates cost synergies of at least £16 million per year by 2027 and expects the deal to be immediately accretive to management fee earnings per share. The CCLA brand, investment teams, and client engagement model will be preserved post-acquisition, reflecting shared values and client-centric cultures between the two firms. Jupiter has also updated its capital allocation policy to return 50% of its 2025 performance fee-related revenue to shareholders through special dividends or share buybacks, on top of its existing ordinary dividend policy. This move is part of Jupiter’s broader strategy to increase efficiency, diversify client channels, and rebuild investor confidence after recent challenges.