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 of Vivek K Chandy Joint Managing Partner, Shafaq Sapre Partner, Mohammed Abid Hussain Of-Counsel, Aishwarya Gupta Associate, Suma V R Paralegal. Taxation support team comprised of Kumarmanglam Vijay Partner & Head of Practice – Direct Tax, Shareen Gupta Partner, Ruchita Modi Senior Consultant. Real estate team comprised of Karthik BM Partner, Nagashree Prasad Associate. Competition law team comprised of Vaibhav Choukse Partner & Head of Practice – Competition Law. Finance team comprised of Anjana Potti, Partner and Employment team comprised of Preetha S, Partner.