M&A Deal Summary

Franklin Templeton Acquires volScout

On May 2, 2023, Franklin Templeton acquired business services company volScout

Acquisition Highlights
  • This is Franklin Templeton’s 2nd transaction in the Business Services sector.
  • This is Franklin Templeton’s 7th transaction in the United States.
  • This is Franklin Templeton’s 3rd transaction in Connecticut.

M&A Deal Summary

Date 2023-05-02
Target volScout
Sector Business Services
Buyer(s) Franklin Templeton
Deal Type Add-on Acquisition

Target

volScout

Westport, Connecticut, United States
volScout is an early-stage business delivering managed options strategies to advisors serving wealth management and institutional clients. volScout was founded in 2020 and is based in Westport, Connecticut.

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Buyer(S) 1

Buyer

Franklin Templeton

San Mateo, California, United States

Category Company
Founded 1947
Sector Financial Services
Employees10,300
Revenue 7.8B USD (2023)
DESCRIPTION
Entrance to Franklin's corporate headquarters in San Mateo, California.
Entrance to Franklin's corporate headquarters in San Mateo, California.

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 8 of 8
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Connecticut) 3 of 3
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Alcentra

London, United Kingdom

Alcentra is the largest and longest-tenured manager of private debt with $38 billion in assets under management as of April 30, 2022 (including accounts managed by Alcentra NY, LLC, Alcentra Limited, and assets managed by Alcentra personnel for affiliates under dual officer arrangements). Alcentra was founded in 2002 and is headquartered in London, United Kingdom.

Buy $350M