BV Investment Partners to Acquire Butterfield Fulcrum

Ropes & Gray represented BV Investment Partners (formerly Boston Ventures), a leading private equity firm investing in the information and business services, communications, publishing, media, and entertainment sectors, in its proposed acquisition of Butterfield Fulcrum and FORS Limited. Butterfield Fulcrum is a leading independent hedge fund administrator and FORS Limited is an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients, in partnership with industry veterans Glenn Henderson and Tim Calveley. The transaction, announced on Feb. 9, is expected to close in the first quarter of 2011.

The Ropes & Gray team included private equity associate Neill Jakobe and corporate associate Adam Fliss.

With one of the leading private equity practices in the world, Ropes & Gray’s lawyers have been involved in some of the most significant private equity deals of the last year, including representing TPG it its $3 billion acquisition of J.Crew Group, Inc.; Bain Capital in its $1.8 billion acquisition of Gymboree Corporation; US Oncology in a $2.16 acquisition by McKesson; a private equity consortium consisting of Berkshire Partners, Bain Capital and Advent International in the $1.1 billion leveraged buyout of SkillSoft; TPG in a co-investment with Goldman Sachs for the €1.2 billion secondary buyout acquisition of Ontex N.V.; and Thomas H. Lee Partners in its $1.1 billion acquisition of inVentiv Health.