Franklin Templeton Acquires Apera Asset Management

Franklin Templeton Acquires Majority Interest in Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton entered into a definitive agreement to acquire a majority interest in Apera Asset Management, a pan-European private credit firm with over €5 billion in AUM. The acquisition is intended to expand Franklin Templeton’s global alternatives platform and direct lending capabilities across Europe’s lower middle market, and the deal closed in October 2025.

Bain Capital Acquires Apleona from PAI Partners

February 14, 2025

Real Estate

Bain Capital, through a consortium led by its Europe Private Equity team, has agreed to acquire Apleona, the Neu-Isenburg-based European integrated facility management group, from PAI Partners. The deal will support Apleona's continued growth — including European platform expansion, digital transformation and ESG/decarbonisation capabilities — and is subject to customary closing conditions and regulatory approvals.

Franklin Templeton Acquires Alcentra from BNY Mellon

November 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of BNY Alcentra Group Holdings, Inc. (Alcentra) and related U.S. subsidiary Alcentra NY, LLC from The Bank of New York Mellon Corporation on November 1, 2022. The deal expands Franklin Templeton's alternative credit capabilities — integrating Alcentra with its Benefit Street Partners platform and increasing the firm's alternative AUM and presence in Europe and the U.S.

Franklin Templeton Acquires Lexington Partners

April 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed the acquisition of Lexington Partners L.P., a global manager of secondary private equity and co-investments, on April 1, 2022. The deal expands Franklin Templeton's alternative asset capabilities, adding Lexington's approximately $57 billion AUM and a global footprint while preserving Lexington's brand and investment strategy.

BlackRock to Acquire Aperio

November 23, 2020

Financial Services

BlackRock, Inc. entered into a definitive agreement to acquire Aperio Group LLC from Golden Gate Capital and Aperio employees for $1.05 billion in cash. The deal adds Aperio's $36 billion in AUM and tax-optimized, personalized index SMA capabilities to BlackRock's U.S. Wealth Advisory business, with Aperio operating as a separately branded team.

Franklin Templeton Acquires Legg Mason

July 31, 2020

Wealth Management

Franklin Resources (operating as Franklin Templeton) completed its acquisition of Legg Mason, creating one of the world’s largest independent investment managers with roughly $1.4–$1.5 trillion in combined AUM. The all-cash transaction (approximately $4.5 billion) included assumption of about $2 billion of Legg Mason debt; the firms said Legg Mason’s specialist investment affiliates will retain operational autonomy while benefiting from Franklin Templeton’s global platform and distribution.