Deal Snapshot
FIDUCIARY TRUST TO ACQUIRE ATHENA CAPITAL ADVISORS
Monday 13 January 2020

US-based wealth planning, investment management and trust and estate services firm Franklin Templeton's Fiduciary Trust Company International wealth management subsidiary has agreed to acquire Massachusetts-based USD 6bn wealth manager Athena Capital Advisors, LLC in a merger transaction to deepen reach into New England, the company said.
Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and is anticipated to close in Franklin Templeton's second quarter of fiscal 2020. Following the acquisition, Fiduciary Trust Company International's assets under management will be approximately USD 25bn.


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Details
Date Published: 13/01/2020
Target: Athena Capital Advisors
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Fiduciary Trust Company International
Buyer Advisor: Goodwin Procter
Comment:
Terms of the deal were not disclosed

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