Capitolis to Acquire eSecLending in $200 Million All-Cash Transaction

Capitolis to Acquire eSecLending in $200 Million All-Cash Transaction

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Capitolis, the financial technology company, announced an agreement to acquire eSecLending for $200 million in an all-cash transaction. eSecLending is a leading independent securities lending business working with many of the world's largest asset owners, including pension funds, insurance companies, and asset managers, to lend securities to major global banks. The acquisition extends the Capitolis platform, adding securities lending as a complementary capability to its existing financial resource optimization solutions. The acquisition also expands Capitolis' reach to eSecLending's established network of institutional asset owners while adding the infrastructure, expertise, and scale to accelerate innovation and support future growth. Capitolis is acquiring eSecLending from Parthenon Capital and the company's management team. As part of the transaction, Parthenon Capital is investing in Capitolis.

WilmerHale advised Capitolis on the acquisition.

The WilmerHale team was led by Andrew Bonnes, Lisa Firenze, Avery Reaves and Brandt Tierney, and included Amanda Albert, Ciara Baker, Barry Hurewitz, Bruce Newman, Dr. Stefan Ohlhoff, Tim Silva, Andrew Stauber, Meghan Walsh, Julie Williams, Alex Dean, Eli Kozminsky, Karsten Silbernagel, Jeffries Oliver-Li, Carla Gilbertson, Dana Bradley, Eileen Creaser, Stephanie Odigie, Michaela Rosen, Raj Ashar, Brandon Hornlein, Noah Levin, Madeline Simpson, Cole Swaffield, and Se Hee Yim.

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