News & Announcements

Weil Advised Legg Mason in its $6.5B Sale to Franklin Templeton

Weil advised Legg Mason, Inc., a provider of investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles, in its $6.5 billion sale to Franklin Resources, Inc. (o/a Franklin Templeton Investments), a provider of global and domestic investment management to retail, institutional and sovereign wealth clients in, at the time, over 170 countries. The transaction closed on July 31, 2020.

The Weil team that advised Legg Mason was led by Co-Head of Weil’s Transactions Practice Frederick Green and Mergers & Acquisitions partner Sachin Kohli and includes Mergers & Acquisitions counsel Christina De Vuono and Mergers & Acquisitions associates Nour Bargach, Daniel Sotsky and Jason Klig. The team also included Executive Compensation & Benefits Head Paul Wessel; Regulatory partner David Wohl; Tax Head Joe Pari; Technology & IP Transactions partner Jeffrey Osterman; Antitrust Head Steven Newborn and Antitrust partners Steven Bernstein and Jeff White; Executive Compensation & Benefits counsel Steven Margolis; Executive Compensation & Benefits associates Akansha Mishra and Emily Gulyako; Capital Markets associate Anthony Zangrillo; Tax associates Blake Bitter and Jacob Meninga; Technology & IP Transactions/Privacy associate Rami Sherman; and Antitrust associate Tyler Phelps.