BEN · 10-K · 2026A · Full report
Acquisition / Partnership / Divestiture
FRANKLIN TEMPLETON INC · 2026-11-09 · Importance 46 · Surprise 60 · In source text
The Company completed its acquisition of Apera Asset Management on October 1, 2025, for €65.2 million in cash, net of closing adjustments, funded from existing cash. Apera also carries up to €125.0 million of additional cash consideration through the fifth anniversary of closing, contingent on revenue targets. Separately, the Putnam acquisition agreement provides for up to $375.0 million of payments between the third and seventh anniversaries of its January 1, 2024 closing, tied to revenue growth targets from the strategic partnership with Great-West; those payments will be recognized in operating income.
Key facts
- In connection with its acquisition of Putnam, which closed January 1, 2024, FRANKLIN TEMPLETON INC will pay up to $375.0 million between the third and seventh closing anniversaries, based on revenue growth targets from the strategic partnership with Great-West; the payment will be recognized in operating income. source
- FRANKLIN TEMPLETON INC will pay up to €125.0 million in cash through the fifth anniversary of the Apera acquisition closing, based on achieving revenue targets. source
- FRANKLIN TEMPLETON INC completed its acquisition of Apera Asset Management on October 1, 2025, for cash consideration of €65.2 million net of closing adjustments, funded from existing cash. source
- Franklin acquired Apera Asset Management, a pan-European private credit firm, on October 1, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | contingent | -0.3% | In connection with its acquisition of Putnam, which closed January 1, 2024, FRANKLIN TEMPLETON INC will pay up to $375.0 million between… |
| cash | negative | contingent | — | FRANKLIN TEMPLETON INC will pay up to €125.0 million in cash through the fifth anniversary of the Apera acquisition closing, based on… |