Clearlake Capital and Motive Partners Acquire BETA+ Assets from London Stock Exchange Group
July 1, 2022
Clearlake Capital and Motive Partners agreed to acquire the BETA+ assets (BETA, Maxit, and Digital Investor) from London Stock Exchange Group and have completed the transaction, launching the combined business as BetaNXT. The Sponsors will operate BetaNXT as a standalone wealth management technology platform and pursue a buy-and-build strategy supported by a long-term strategic partnership with LSEG for data and content.
- Buyers
- Clearlake Capital Group, L.P., Motive Partners
- Targets
- BETA+, BETA, Maxit, Digital Investor
- Sellers
- London Stock Exchange Group (LSEG)
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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