Debevoise & Plimpton LLP is advising Providence Equity Partners on the combination of Benefit Street Partners and Franklin Templeton Investments. Benefit Street Partners was established in 2008 in partnership with Providence. The transaction is expected to close in Franklin Templeton’s second quarter of fiscal 2019.

Providence is a premier global asset management firm with approximately $60 billion in assets under management across complementary private equity and credit businesses.

The Debevoise team is led by partners Andrew M. Ahern and Christopher Anthony and includes partner Rafael Kariyev and associates Stephen J. Kozey, Xiao Luo and Lena E. Smith.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.