Franklin Templeton acquires Edinburgh Partners
Franklin Templeton has agreed to acquire Edinburgh Partners, an established global value investment manager. The deal sees the firm welcome back Dr Sandy Nairn, who worked alongside Sir John Templeton and was employed by Franklin Templeton for more than a decade. He will become chairman of Templeton Global Equity Group and remain investment partner and CEO of Edinburgh Partners. Edinburgh Partners’ team of 12 manages approximately $10bn in global and emerging markets equities. This is the latest example of Franklin Templeton’s strategy of investing in relatively small but experienced asset management teams.