Ropes & Gray Advises Appleby on Investment from New Mountain Capital to Accelerate Growth in Legal and Fiduciary Services

Ropes & Gray has advised leading offshore legal and corporate services platform Appleby Global Group LLC ("Appleby") on a significant minority investment from affiliates of New Mountain Capital, LLC ("New Mountain"), a leading growth-oriented investment firm with approximately $60 billion in assets under management, to accelerate Appleby's growth strategy.

With a heritage of more than 125 years, Appleby provides a seamlessly integrated offering of legal services, including both corporate and disputes services, and fiduciary services to the world's top financial institutions, investment managers, insurers, corporations, and select private clients. With more than 500 employees and approximately 200 attorneys serving clients across 11 offices in 8 jurisdictions, Appleby provides deep jurisdictional expertise and is a trusted adviser on the most complex, cross-border matters.

Under the leadership of Malcolm Moller, Appleby's Group Managing Partner, the firm has attracted many of the most accomplished attorneys in its markets. Appleby will continue to be led by its existing management team and partners, who will retain majority ownership of the business, and Malcolm Moller will take on the title of CEO of Appleby following the completion of this transaction. The law firm entities will remain owned and controlled by Appleby partners who are qualified in the relevant jurisdictions.

The Ropes & Gray team was led by private equity partners John Newton and Shona Ha, with support from associates Hayley Stokes-White, Michael Asprou, Alex Pattisson, Joshua Nicholson, and Fizaa Ahmed, and trainee associate Ned Robinson. Additional support was provided by finance partner Greg Bauer and associates Liang Yinn Wong and Cary Chan, tax partners Chris Agnoli and David Saltzman and associate Luiza Galbraith, litigation & enforcement partners Lisa Kaltenbrunner and Sean Seelinger and associates Nathan Sekhar and Sienna Hewavidana, and data, privacy & cybersecurity partner Rohan Massey and associate Suzie Wilson.