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Transactions / W••••• E••••••••• G••••

W••••• E••••••••• G•••• Announces Acquisition by L•••••• G••••• G••••• P•••••• E••••• F••• T• A•••••••••

Add-on acquisitionannouncedadd-onannounced Jul 31, 2019Fact
What happened
Platform
L•••••• G••••• G••••• P•••••• E••••• F••• T• A•••••••••add-on basis: The transaction brings aboard a new primary capital partner for W••••• E••••••••• G••••, with TA Associates purchasing the equity stake owned by funds affiliated with L•••••••• C•••••• L••, which has been the majority owner since June 2015. | published on L•••••••• C••••••'s own news page
Control
Control
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
6 named
Buy side
  • M••• F• V•••••••, Managing Partner of L••••••••, stated, "L••••••••’s funds invested in W••••• E••••••••• G•••• with the view that smaller registered investment advisors would benefit from the centralized planning, marketing and operational resources afforded by the company’s scale.
  • The transaction brings aboard a new primary capital partner for W••••• E••••••••• G••••, with TA Associates purchasing the equity stake owned by funds affiliated with L•••••••• C•••••• L••, which has been the majority owner since June 2015. | published on L•••••••• C••••••'s own news page
  • The transaction brings aboard a new primary capital partner for W••••• E••••••••• G••••, with TA Associates purchasing the equity stake owned by funds affiliated with L•••••••• C•••••• L••, which has been the majority owner since June 2015. | published on L•••••••• C••••••'s own news page
Advisory side
  • R•••••• J•••• L•••Sell-side adviserconfirmed
    R•••••• J•••• served as advisor to W••••• E••••••••• G••••.
Side not stated
  • J••• D••••Managementconfirmed
    J••• D••••, Chief Executive Officer of W••••• E••••••••• G••••, said, "Having been well-acquainted with TA Associates for over half a decade, we are entering this new partnership with a sense of familiarity combined with excitement about our future, as they have been an attractive partner to support
  • W••••• E••••••••• G•••• Announces Acquisition by L•••••• G••••• G••••• P•••••• E••••• F••• T• A•••••••••
Evidence
W••••• E••••••••• G•••• Announces Acquisition by L•••••• G••••• G••••• P•••••• E••••• F••• T• A•••••••••