Proskauer has advised Lucht Probst Associates and Motive Partners in connection with the entry into an agreement to acquire Modelity Technologies.
Modelity Technologies is a financial technology provider with a focus on banks and wealth managers. Modelity Technologies offers a suite of software components and engines that collectively support document generation and calculation capabilities providing regulatory compliance. Modelity Technologies also provides a multi-issuer platform to automate private placements of structured products by distributors and financial advisors
Lucht Probst Associates is a technology company specialising in the demands and characteristics of the capital market sector. The core business of LPA is the continual development and expansion of its portfolio of technology solutions for automated consultancy (LPA Digital Client Interaction), sales (LPA Captano) and documentation (LPADoc) for financial instruments, structured products and OTC derivatives. LPA offers market-leading solutions that support banks in efficient compliance with the requirements of MiFID II, PRIIPs and FIDLEG in conjunction with the Key Investor Information Document. In addition to the development of technology solutions for the capital market, LPA offers strategic consultation, management and implementation services.
The Proskauer team was led by corporate partner Richard Bull (Picture) and included associates Thomas Wood and Jack Morant (Private Equity and Mergers & Acquisitions).
Law Firms: Proskauer Rose LLP;