Clearlake Capital and Motive Partners acquire BETA+ assets from London Stock Exchange Group

  • Deal
  • August 5, 2022

JSA represented Clearlake Capital Group, L.P. and Motive Partners in the Indian leg of their acquisition of BETA+ assets from Refinitiv India, a London Stock Exchange Group company (LSEG). JSA team assisted with the transaction structuring and documentation in relation to the India leg of the transaction including advising on complex issues pertaining to the transition of employees.

BETA+ encompasses the assets of BETA (a securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax basis reporting software), and Digital Investor (front-end client solutions). By acquiring the BETA+ assets from LSEG and creating a standalone platform, Clearlake and Motive intend to execute on a buy and build strategy, supported by Clearlake’s proprietary O.P.S.® framework, and Motive’s value creation plan.

JSA transaction and diligence team comprised Joint Managing Partner – Vivek K Chandy, Partner – Shafaq Sapre, Of-Counsel – Mohammed Abid Hussain, Associate – Aishwarya Gupta, and, Paralegal – Suma V R.

JSA taxation support team comprised Partner & Head of Practice – Direct Tax – Kumarmanglam Vijay, Partner – Shareen Gupta, and Senior Consultant – Ruchita Modi.

JSA real estate team comprised Partner – Karthik BM and Associate – Nagashree Prasad.

JSA competition law team comprised Partner & Head of Practice – Competition Law – Vaibhav Choukse.

JSA finance team comprised Partner – Anjana Potti.

JSA employment team comprised Partner – Preetha S.