M&A Deal Summary

Clearlake Capital and Motive Partners Acquire BetaNXT

On March 21, 2022, private equity firms Clearlake Capital and Motive Partners acquired business services company BetaNXT from London Stock Exchange Group for 1.1B USD

Acquisition Highlights
  • This is Clearlake Capital’s 4th and Motive Partners’ 1st transaction in the Business Services sector.
  • This is Clearlake Capital’s 8th and Motive Partners’ largest (disclosed) transaction.
  • This is Clearlake Capital’s 75th and Motive Partners’ 6th transaction in the United States.
  • This is Clearlake Capital’s 5th and Motive Partners’ 3rd transaction in New York.

M&A Deal Summary
Date 2022-03-21
Target BetaNXT
Sector Business Services
Buyer(s) Clearlake Capital
Motive Partners
Sellers(s) London Stock Exchange Group
Deal Type Divestiture
Deal Value 1.1B USD

Target

BetaNXT

New York, New York, United States
website
BetaNXT provides back-office processing solutions to the wealth management industry, including securities processing and tax reporting. BetaNXT is based in New York City.

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Buyer(S) 2

Buyer

Clearlake Capital

Santa Monica, California, United States

website

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 78 of 85
Sector (Business Services) 4 of 4
Type (Divestiture) 8 of 8
State (New York) 5 of 5
Country (United States) 75 of 81
Year (2022) 4 of 9
Size (of disclosed) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 RSA Conference

Bedford, Massachusetts, United States

RSA Conference is the premier series of global events and year-round learning for the cybersecurity community. RSAC is where the security industry converges to discuss current and future concerns and have access to the experts, unbiased content and ideas that help enable individuals and companies advance their cybersecurity posture and build stronger and smarter teams. Both in-person and online, the company brings the cybersecurity industry together and empowers the collective "we" to stand against cyberthreats around the world. It is the ultimate marketplace for the latest technologies and hands-on educational opportunities that help industry professionals discover how to make their companies more secure while showcasing the most enterprising, influential, and thought-provoking thinkers and leaders in cybersecurity today. RSA Conference is based in Bedford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Concert Golf Partners

Lake Mary, Florida, United States

Concert Golf Partners is a boutique operator of private golf and country clubs that offers a personalized and curated approach to partnership. Concert Golf takes a long-term investment approach, seeking to deploy capital to upgrade amenities and facilities at private clubs in major metropolitan areas while maintaining each club’s cherished and distinct culture. Concert Golf Partners is based in Lake Mary, Florida.

Buy -
Buyer

Motive Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Motive Partners is an investment firm focused on financial technology businesses. Prospective transaction types include management buyouts, growth financings, and venture. Motive Partners was formed in 2016 and is based in New York City.

DEAL STATS #
Overall 9 of 12
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (New York) 3 of 4
Country (United States) 6 of 8
Year (2022) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Global Shares

Cork, Ireland

Global Shares is a provider of equity compensation management solutions, providing share plan administration, global custody, share-dealing, and financial reporting services to companies and their employees in over 100 countries worldwide. Global Shares was founded in 2005 and is based in Cork, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Accordion Partners

New York, New York, United States

Accordion Partners is a private equity-focused financial and technology consulting firm. Working at the intersection of sponsors and management teams, Accordion partners with clients at every stage of the investment lifecycle. Accordion Partners was founded in 2009 and is based in New York City.

Buy -

Seller(S) 1

SELLER

London Stock Exchange Group

London, United Kingdom

website

Category Company
Founded 1698
Sector Financial Services
Employees23,361
Revenue 7.7B GBP (2022)
DESCRIPTION

London Stock Exchange Group is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets. London Stock Exchange Group was founded in 1698 and is based in London, the United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 4 of 4
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 TORA

Burlingame, California, United States

TORA is a cloud-based technology provider that supports customers trading multiple asset classes across global markets. This includes an order and execution management system (OEMS) and portfolio management system (PMS) for customers trading equities, fixed income, FX, derivatives, and digital assets. TORA was founded in 2004 and is based in Burlingame, California.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Global Data Consortium

Raleigh, North Carolina, United States

Global Data Consortium specializes in delivering high-speed electronic digital identity verification. GDC provides global name and address matching capabilities that enable them to accurately source and enhance data from over 300 data sources globally and to deliver high-quality identity data in near real-time for over 70 countries. Global Data Consortium was formed in 2012 and is based in Raleigh, North Carolina.

Buy -
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