Franklin Templeton agrees to acquire a majority stake in Stoneshield through Clarion

Franklin Templeton, through Clarion Partners, entered a definitive agreement to acquire a majority stake in Stoneshield Capital. The announced transaction would expand Clarion’s European real assets capabilities. Stoneshield’s founders were expected to continue leading the business. The release anticipated completion in the fourth calendar quarter of 2026, subject to customary conditions and regulatory filings; it did not confirm completion.