Deal Snapshot
EnTrust Global Completes Reacquires Legg Mason Stake in Firm
Monday 03 August 2020

US-based alternative asset management firm EnTrust Global has completed its return to an independent, private company after closing on a transaction with California, US-based investment management organisation Franklin Resources, Inc. (NYSE: BEN), under which it reacquired the 65% interest that Maryland, US-based investment manager Legg Mason, Inc. (NYSE: LM) held in EnTrust, the company said.

Franklin Resources just closed its planned acquisition of Legg Mason. In 2020, EnTrust has continued to grow its Blue Ocean funds, which currently have approximately USD 1.5bn of capital for investment in the global maritime industry.

Date Published: 03/08/2020