Announced
Completed
Financials
Tags
Majority
Friendly
Private
Acquisition
Cross Border
United Kingdom
wealth technology
Online and Social Platforms
Private Equity
Completed
Synopsis
Clearlake Capital and Motive Partners, two private investment firms, completed the acquisition of BETA+, a wealth technology platform, from London Stock Exchange Group, a stock exchange and financial information company. Financial terms are not disclosed. “We are excited to back the BetaNXT leadership team to scale the business and build a differentiated platform in the wealth management industry. We look forward to executing on a buy-and-build growth strategy to continue to scale BetaNXT’s existing offerings and enter new high-growth markets,” Behdad Eghbali, Clearlake Co-Founder and Managing Partner, and James Pade, Clearlake Partner and Managing Director.
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