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Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Sat., May. 8, 6:59 AM 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 with subsidiaries operating under its Franklin Templeton®. Co. is an investment management organization. Through its investment products, Co. provides investment management and related services to retail, institutional and investors. Co.'s investment products include sponsored funds, as well as institutional and separate accounts, retail separately managed account programs, and sub-advised products. Co.'s funds include registered funds 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
Asset Management
Number of ETFs Holding BEN: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Hold (2.30 out of 4)
7th percentile
(ranked lower than approx. 93% of all stocks covered)

Analysts' Target Price:
BEN Stock Forecast

Based on Zacks ABR data;
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Asset Management M&A - Slide 43 of 49 Page |

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