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Franklin Templeton Completes Acquisition Of Alcentra, One Of The Largest European Alternative Credit Managers

Nov 01, 2022•about 3 years ago

Acquiring Company

Franklin Templeton

Acquired Company

Alcentra

San MateoFintechFinance

Description

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the completion of its acquisition of BNY Alcentra Group Holdings, Inc. (together with its subsidiaries, “Alcentra”) from The Bank of New York Mellon Corporation (“BNY Mellon”) [NYSE:BK]. Alcentra is one of the largest European credit and private debt managers with $35 billion in assets under management (“AUM”) as of September 30, 2022 and has global expertise in senior secured loans, high yield bonds, private credit, structured credit, special situations and multi-strategy credit strategies.

Company Information

Company

Franklin Templeton

Location

920 Franklin Pkwy

San Mateo, California, United States

About

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of August 31, 2021.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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