M&A Deal Summary |
|
|---|---|
| Date | 2020-02-18 |
| Target | Legg Mason |
| Sector | Financial Services |
| Buyer(s) | Franklin Templeton |
| Sellers(s) | KKR |
| Deal Type | Add-on Acquisition |
| Deal Value | 4.5B USD |
| Advisor(s) | PJT Partners, Inc. J.P. Morgan Securities (Financial) Weil Gotshal & Manges Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 1947 |
| Sector | Financial Services |
| Employees | 9,400 |
| Revenue | 8.3B USD (2022) |
Franklin Templeton is a holding company that operates as Franklin Templeton Investments. Franklin Templeton Investments is a global investment management organization that provides investment management and related services to investors in jurisdictions worldwide through products that include US and non-US registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. Franklin Templeton was incorporated in 1947 and is headquartered in San Mateo, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 8 |
| Sector (Financial Services) | 3 of 6 |
| Type (Add-on Acquisition) | 3 of 6 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 3 of 7 |
| Year (2020) | 2 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-22 |
The Pennsylvania Trust
Radnor, Pennsylvania, United States The Pennsylvania Trust Co. is an award-winning, independent and employee-owned wealth management firm in the Philadelphia region with over $4.7 billion in assets under management and administration. For over 30 years, the firm has focused on providing compassionate and caring client service. Recognized for its outstanding service as a fiduciary, Pennsylvania Trust provides investment, financial planning, tax, trust, estate, and philanthropic solutions to help individuals, families, nonprofits and other organizations preserve and grow their wealth. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-06 |
AdvisorEngine
New York, New York, United States AdvisorEngine, Inc. is a digital wealth platform and provider of technology and consulting services to more than 1,200 financial advisory firms in the United States that manage over $600 billion in assets. Its financial experience platform serves as a unified operating system across advisor experience (AX), business operations experience (BX), and client experience (CX). Modules include prospecting and client engagement tools, paperless client onboarding, account aggregation, CRM, goals-based financial planning tools, model portfolios, portfolio construction analytics, compliance monitoring tools, performance reporting, and fee billing. From the company’s offices in New York, NY, and Raleigh, NC, the AdvisorEngine team strives to fulfill six ideals through their work: camaraderie, clarity, curiosity, creativity, crushing it, and celebration. AdvisorEngine was formed in 2014 and is based in New York, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 134 of 173 |
| Sector (Financial Services) | 9 of 10 |
| Type (Add-on Acquisition) | 48 of 61 |
| State (Maryland) | 3 of 4 |
| Country (United States) | 60 of 81 |
| Year (2020) | 3 of 13 |
| Size (of disclosed) | 11 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-18 |
Gamma Biosciences
Menlo Park, California, United States Gamma Biosciences is a life sciences company providing products and services to support the development and manufacturing of advanced biologic therapies. Gamma Biosciences was founded in 2020 and is based in Menlo Park, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-03 |
AlphaTheta
Yokohama, Japan AlphaTheta develops, manufactures, and sells equipment for DJs, including DJ players, mixers, controllers, headphones, and speakers. AlphaTheta was founded in 2014 and is based in Yokohama, Japan. |
Sell | $324M |
