M&A Deal Summary

Legg Mason Acquires Brandywine Asset Management

On January 16, 1998, Legg Mason acquired financial services company Brandywine Asset Management for 145M USD

Acquisition Highlights
  • This is Legg Mason’s 1st transaction in the Financial Services sector.
  • This is Legg Mason’s 3rd largest (disclosed) transaction.
  • This is Legg Mason’s 1st transaction in the United States.
  • This is Legg Mason’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 1998-01-16
Target Brandywine Asset Management
Sector Financial Services
Buyer(s) Legg Mason
Deal Type Add-on Acquisition
Deal Value 145M USD

Target

Brandywine Asset Management

Thornton, Pennsylvania, United States
Brandywine is a pioneer of alternative investing and has developed and managed a variety of trading programs in the global equity and futures markets.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Legg Mason

Baltimore, Maryland, United States
Category Company
Founded 1899
Sector Financial Services
Employees3,246
Revenue 2.9B USD (2019)
DESCRIPTION

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 7
Sector (Financial Services) 1 of 6
Type (Add-on Acquisition) 1 of 6
State (Pennsylvania) 1 of 1
Country (United States) 1 of 5
Year (1998) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-18 Royce & Associates

New York, New York, United States

Royce is one of the largest active small-cap value managers in the United States, based on its open- and closed-end fund assets under management.

Buy -
Mergr

Product

Company

Legal