On the Record · Legg Mason

Legg Mason acquisitions, on the record

The businesses Legg Mason bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Clarion Partners Word for word“Performance fees earned on historic AUM in place as of the closing of the acquisition of Clarion Partners on April 13, 2016 are fully passed through to the Clarion Partners management team, per the terms of the acquisition agreement.” 10-K for 2018	acquisition	—	—
EnTrust Capital Word for word“Acquisitions (dispositions), net, totaled $46.3 billion, and included $41.5 billion related to the acquisition of Clarion Partners in April 2016 and $9.6 billion related to the acquisition of EnTrust in May 2016, offset in part by $4.8 billion related to the disposition of two small investment managers and our portion of a joint venture.” 10-K for 2018	acquisition	May 2016	—
RARE Infrastructure Word for word“and the inclusion of a full year of revenues of RARE Infrastructure, which was acquired in October 2015.” 10-K for 2018	acquisition	October 2015	—
PK Investments, LLP Word for word“and $6.8 billion and $0.1 billion related to the acquisitions of RARE Infrastructure and PK Investments, LLP ("PK Investments"), respectively, during the year ended March 31, 2016.” 10-K for 2018	acquisition	—	—
two small investment managers Word for word“a decrease of $26.1 million due to the disposition of two small investment managers in March 2017 and December 2016” 10-K for 2018	divestiture	March 2017 and December 2016	—
bolt-on acquisition at Clarion Partners Word for word“• completing a bolt-on acquisition adding new capabilities at Clarion Partners;” 10-K for 2018	acquisition	—	—
Gramercy Europe (Jersey) Limited ("Gramercy") Word for word“On April 10, 2019, Clarion Partners acquired a majority stake in Gramercy Europe (Jersey) Limited ("Gramercy"), a European real estate business specializing in pan-European logistics and industrial assets.” 10-K for 2019	agreed acquisition	April 10, 2019	—
QS Investors Word for word“Effective May 31, 2014, we completed the acquisition of QS Investors.” 10-K for 2019	acquisition	Effective May 31, 2014	—
PK Investments Word for word“On December 31, 2015, Martin Currie acquired certain assets of PK Investments.” 10-K for 2019	acquisition	On December 31, 2015	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses
2017-03-31	$19.5 million
2018-03-31	$3.5 million
2019-03-31	$932,000

Deal filings since 2016

2020-07-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-02-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Legg Mason’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2020-05-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.