Janus Capital To Acquire VS Holdings Inc. - Quick Facts

(RTTNews) - Janus Capital Group (JNS) said it has agreed to acquire VS Holdings Inc., the parent company of VelocityShares, LLC. The transaction includes an initial upfront cash consideration of $30 million and is expected to close in the fourth quarter of 2014.

VelocityShares is a leading provider of unique institutionally-focused exchange-traded products or ETPs, including exchange-traded funds or ETFs, that deliver sophisticated volatility management solutions.

"This acquisition positions Janus within the rapidly growing rules-based and active ETF universe, enhancing the customized solutions we can provide to our clients and enabling us to work with the growing segment of financial advisors and institutions focused on these instruments," said Richard M. Weil, Chief Executive Officer of Janus Capital Group.