Ropes & Gray Advises iCapital Network in Acquisition of Axio Financial

In The News
September 23, 2021

Ropes & Gray advised iCapital Network in a definitive agreement to acquire of Axio Financial LLC. Terms of the transaction were not disclosed. The transaction was announced on Sept. 21. The transaction is expected to close in the fourth quarter of 2021. The press release is here

Axio Financial is a leading end-to-end service provider to the U.S. structured notes market. iCapital Network is the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries. iCapital services more than $86 billion in global client assets across more than 790 funds.

The Ropes & Gray team that advised iCapital Network was led by private equity partner Scott Abramowitz (New York) and mergers & acquisitions counsel Sarah Davis (Boston), and included asset management partners Michael Doherty (New York) and Brynn Rail (New York), tax partner Elaine Murphy (Boston), employment, executive compensation & benefits partner Joshua Lichtenstein (New York), asset management counsel Jessica Reece (Boston) and litigation & enforcement counsel Steven Kaye and Deidre Johnson (both of Boston).