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Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Wed., Sep. 23, 10:36 PM Recent mergers and acquisitions in the Asset Management M&A category.

Slide #43. Franklin Templeton Majority Stake in K2 Advisors

Acquirer: Franklin Templeton (NYSE:BEN)
Acquiree: Majority Stake in K2 Advisors
Details: Franklin Resources, Inc. announced that it has agreed to acquire a majority stake in K2 Advisors Holdings LLC, a leading, independent fund of hedge funds manager. This acquisition will enhance Franklin Templeton's alternative investments and multi-asset solutions platforms. The proceeds of this acquisition by Franklin Templeton will be used by K2 to purchase all of the equity currently held by TA Associates and to retire all of K2's debt obligations. The current management of K2 will not sell any of its interests at this time and will receive no up-front consideration in this transaction. Beginning in 2016, Franklin Templeton will acquire the remainder of K2 over a multi-year period. The transaction is subject to certain conditions including regulatory approval and is expected to close in the calendar fourth quarter of 2012.

Franklin Resources is a holding company that, together with its subsidiaries, operates as Franklin Templeton®. Co. is an investment management organization that provides investment management and related services to retail, institutional and investors in jurisdictions worldwide through its investment products. Co.'s investment products include its sponsored funds, as well as institutional and separate accounts, and sub-advised products. Co.'s funds include registered and unregistered funds. Co.'s services include fund administration, sales and distribution, and shareholder servicing. Co. also provides sub-advisory services to certain investment products sponsored by other companies.

Franklin Resources SEC Filing Email Alerts Service


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Company Name: 
Franklin Resources Inc
Stock buyback: 
BEN buyback
Website: 
www.franklinresources.com
Sector: 
Asset Management
Number of ETFs Holding BEN: 
116
Total Market Value Held by ETFs: 
$1.40B
Total Market Capitalization: 
$9.96B
% of Market Cap. Held by ETFs: 
14.07%
 

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Hold (1.96 out of 4)
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