Sidley, Morgan Lewis Help BetaNXT Buy Mediant Communications

Sidley Austin advised BetaNXT, a private equity-backed provider of office processing solutions to the wealth management industry, on its affiliates’ acquisition of investor communications technology provider Mediant Communications.

Morgan Lewis advised New York City-based Mediant, which is a portfolio company of private equity firm Argentum Capital. Mediant’s customers include banks, brokerage firms, corporations, funds, and investment managers, according to a statement.

New York-based BetaNXT, which is backed by private equity firms Clearlake Capital Group and Motive Partners, said its platform for wealth management advisers provides solutions including securities processing and tax reporting. It said the acquisition of Mediant will enhance ...