Sagewind Capital’s Acquisition of The Athene Group


Paul, Weiss represented Sagewind Capital on the deal

Sagewind Capital LLC, a New York-based private equity firm, and Berenson Holdings LLC led the acquisition of The Athene Group (“Athene” or “The Company”), a software and services company serving the wealth management industry. As part of the transaction, Insight Venture Partners and Salesforce Ventures are participating as investors. Financial terms of the transaction were not disclosed.

Athene provides a cloud-based product, Skience, to the wealth management industry, including broker-dealers and registered investment advisors. Skience’s clients rely on its agile and intuitive enterprise class platform to power and streamline mission critical business processes including client on-boarding with straight through processing, data aggregation, compliance and analytics. Skience is a leading wealth management product in the Salesforce ecosystem, and it utilizes its partnership with Salesforce to provide its clientele with expert implementation and integration of the Salesforce Platform.

The Paul, Weiss team included corporate partners Ted Ackerman (Picture), Amran Hussein, David Lakhdhir, Eric Goodison, Carl Reisner and John Kennedy and counsel Philip Heimowitz; tax partner Scott Sontag; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; employee benefits partner Andrew Gaines and counsel Jason Ertel; real estate partner Peter Fisch; and environmental counsel William O’Brien.

Involved fees earner: Edward Ackerman – Paul Weiss Rifkind Wharton & Garrison; Amran Hussein – Paul Weiss Rifkind Wharton & Garrison; David Lakhdhir – Paul Weiss Rifkind Wharton & Garrison; Carl Reisner – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Eric Goodison – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Jason Ertel – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Sagewind Capital LLC;