HomeBusiness NewsFranklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion

Franklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion

November 1, 2021

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(Bloomberg) — Franklin Resources Inc. will buy Lexington Partners for $1.75 billion to expand into private equity as its mutual fund business struggles. The shares surged.

Franklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion

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Franklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion

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