Clearlake Capital GroupL.P., and Motive Partners have bought Beta+ from the London Stock Exchange Group.

Beta+ will operate as BetaNXT, with a new leadership team who will lead the next phase of growth for BetaNXT.

“We are excited to back the BetaNXT leadership team to scale the business and build a differentiated platform in the wealth management industry,” said Behdad Eghbali, managing partner, and James Pade, managing director of Clearlake. “We look forward to executing on a buy-and-build growth strategy to continue to scale BetaNXT’s existing offerings and enter new high-growth markets.”

Wells Fargo Securities served as financial advisor and Sidley Austin LLP served as counsel to Clearlake and Motive. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, BNP Paribas and ING Capital arranged financing supporting the transaction. FTI Consulting provided advisory services.