Franklin Resources, Inc. (NYSE:BEN) agreed to acquire an unknown majority stake in Apera Asset Management LLP on June 4, 2025.

The transaction is subject to approval by regulatory board. The expected completion of the transaction is in third quarter of 2025. David Boston and Andrew Gray of Willkie Farr & Gallagher LLP acted as legal advisor to Franklin Resources, Inc. (NYSE:BEN). Geoffrey P. Burgess, Geoffrey Kittredge, Patricia Volhard, John Young, Richard Ward, Paul Eastham, Felix Paterson and Timothy McIver of Debevoise & Plimpton LLP acted as legal advisor to Apera Asset Management LLP.