July 1, 2022
Gibson Dunn advised Motive Partners on its acquisition, with Clearlake Capital Group, L.P., of the BETA+ assets including BETA Post-trade Processing, Maxit, and Digital Investor, from the London Stock Exchange Group. Effective immediately, the company will operate as “BetaNXT”. BetaNXT is the next wave in wealth management technology and outsourcing solutions. Combining industry expertise with the power of the proven BETA, Maxit, and Digital Investor businesses, it is focused on solving customers’ most demanding integration challenges with flexible, efficient, connected solutions that anticipate their changing needs. Additional information is available in the transaction announcement.
The Gibson Dunn corporate team included Andrew Friedman, A.J. Frey, and Caitlin Cornell. Benjamin Fryer and Brian Kniesly advised on tax aspects.