Ropes & Gray advised Charlesbank Capital Partners in its strategic partnership with Lido Advisors, LLC. Charlesbank will become a significant investor in Lido alongside the founders and management team. The transaction was announced on May 24. The press release is here.
Founded in 1999 and headquartered in Los Angeles, Lido is a full-service, independent Registered Investment Advisor with over $9 billion in assets under management. Charlesbank, based in Boston and New York, is a middle-market private investment firm with more than $15 billion of capital raised since inception.
The Ropes & Gray team that advised Charlesbank Capital Partners was led by private equity partner Taylor Hart (Boston), and included private equity associate Graham Foster (Boston), employment, executive compensation & benefits partners Joshua Lichtenstein (New York) and Douglas Brayley (Boston), tax partner Pamela Glazier (Boston) and asset management partner Brian McCabe (Boston).
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