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Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.
According to charges filed by the Justice Department and the SEC, New Jersey–based b/d and investment advisor Kenneth Welsh used clients’ funds to buy gold coins and precious metals.
For the right firm, the high price tags are appropriate given the growth trajectories. 'If you can acquire a firm and increase the profitability and make them grow faster, you can pay more,' said David DeVoe, speaking at the DeVoe & Co. 2021 M&A+...
The order concerning Lexion Capital Management comes one week after the commission claimed a Syracuse-based firm failed to file and deliver its form to the SEC and clients.