Acquisition · Activity not yet classified
Lexington Partners L.P.
Transaction overview
Reported completed
Franklin Resources, operating as Franklin Templeton, completed its acquisition of Lexington Partners L.P. on April 1, 2022, according to the April 4 completion announcement. The November 1, 2021 agreement specified $1.75 billion in aggregate cash payments for 100% of the then-existing ownership, while separately granting Lexington partners and employees a 25% ownership stake vesting over five years.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Franklin Templeton Completes Acquisition of Lexington Partners, a Global Leader in Secondary Private Equity and Co-Investments - Lexington Partners ↗
Official firm website · Published Apr 4, 2022
Reports the completed acquisition of Lexington Partners L.P. and expressly dates closing to April 1, 2022.
- Franklin Templeton to Acquire Lexington Partners, a Global Leader in Secondary Private Equity and Co-Investments - Lexington Partners ↗
Official firm website · Published Nov 1, 2021
Announces the November 1, 2021 agreement for $1.75 billion in cash payments for existing ownership, with a separate 25% employee ownership grant vesting over five years. Closing was then conditional.