Motive Partners (Motive), a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry, has completed the sale of Global Shares to JP Morgan.
Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.
Global Shares, having grown to nearly $200 billion in assets under administration across over 800,000 corporate employee participants, will now enter its next phase of growth under new ownership, as part of JP Morgan. As reported at the time of signing the acquisition, JP Morgan will seek to integrate Global Shares into its Asset & Wealth Management line of business, remaining headquartered in Clonakilty, Ireland.
Read more: Private Equity Wire
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