Franklin Templeton Acquires Alcentra from BNY Mellon
November 1, 2022
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.
- Buyers
- Franklin Resources, Inc. (Franklin Templeton)
- Targets
- BNY Alcentra Group Holdings, Inc. (Alcentra), Alcentra NY, LLC
- Sellers
- The Bank of New York Mellon Corporation
- Industry
- Financial Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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