DLA Piper represented Scivantage, a digital wealth management technology company, in its sale to Refinitiv US LLC, a global provider of financial markets data.
Scivantage’s primary solutions include digital wealth management offering Wealthsqope, a digital client experience, and Maxit E2E, an end-to-end tax information reporting solution. Core functionality includes account management, personal portfolio management, money movement, market & investments data, advisor focused features, trading, cost basis and tax information reporting.
“Scivantage’s innovative software-as-a-service products have had a notable impact on the market, and it was a pleasure to leverage our fintech M&A experience to complete this transaction and ensure our client has the opportunity to continue to grow and expand its capabilities,” said Andrew Gilbert, a DLA Piper partner who led the firm’s deal team.
In addition to Gilbert (Short Hills), the DLA Piper team representing Scivantage included partners Scott Cowan (Short Hills), Rita Patel, Jennifer Kashatus (both of Washington, DC), Nathaniel McKitterick (Silicon Valley) and William Bartow (Philadelphia); senior counsel David Plewa (Silicon Valley); of counsel Nia Brown (Washington, DC); and associates Michael Goldstein (Short Hills), Mary Claire Blythe (Baltimore), Zachary Nolan (Silicon Valley) and Karun Ahuja (Chicago).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for ten consecutive years, according to Mergermarket.
DLA Piper advises on all aspects of the fintech sector, representing a wide range of clients, including banks, private equity and venture capital funds, asset managers, broker-dealers, insurance companies, trading platforms and exchanges, and distributed-ledger technology platforms. The firm’s multidisciplinary team around the world offers integrated legal solutions that help clients navigate the increasingly complex environment at the intersection of transactions, technology and regulation. In a recent fintech transaction, DLA Piper is representing INTL FCStone Inc. in its US$236 million acquisition of Gain Capital Holdings, Inc., a provider of online trading services.