Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

1.On 11 August 2022, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004. Under the terms of the concentration, Franklin Resources, Inc. (“Franklin”) intends to acquire sole control over BNY Alcentra Group Holdings Inc. and its controlled subsidiaries (“Alcentra”).

The undertakings concerned have the following areas of activities.

(a) Franklin provides investment management and related services to retail, institutional and high-net-worth investors in jurisdictions worldwide through its investment products; and

(b) Alcentra is an active global asset management firm that manages sub-investment grade debt, with global expertise in senior loans, direct lending, mezzanine debt, high yield bonds, distressed situations, structured credit and multi strategy products.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

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