News & Announcements

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

Weil is advising 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 is expected to close by the third quarter of 2020 subject to customary closing conditions.

The Weil team advising Legg Mason is 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 (Not Yet Admitted in New York). The team also includes Executive Compensation & Benefits Head Paul Wessel; Regulatory partner David Wohl; Capital Markets partner Faiza Rahman; Co-Chair of Tax 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; Antitrust counsel Vadim Brusser; Executive Compensation & Benefits associates Akansha Mishra and Emily Gulyako; Capital Markets associate Anthony Zangrillo; Tax associates Blake Bitter and Jacob Meninga; Technology & IP Transactions associate Rami Sherman; and Antitrust associate Tyler Phelps (Not Yet Admitted in Washington, D.C.).