Motive Partners & Clearlake Acquire Majority Stake in InvestCloud
February 2, 2021
Funds advised by Motive Partners and Clearlake Capital acquired an 80% stake in InvestCloud and combined it with Motive portfolio companies Finantix and Tegra118 to create a global, next-generation SaaS wealth solutions platform. Co-investors in the transaction included Accenture, Citi Ventures and Fiserv; the combined InvestCloud Group will target global wealth managers, private banks and asset managers with an integrated cloud-native offering.
- Buyers
- Motive Partners, Clearlake Capital, Accenture, Citi Ventures, Fiserv
- Targets
- InvestCloud
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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