SEI's Family Office Services Sold to Aquiline for $120 Million
Deal News | Feb 28, 2025 | Ropes & Gray
Ropes & Gray has represented Aquiline, a private investment firm with a focus on financial services and technology, in a definitive agreement to acquire SEI's Family Office Services business. This acquisition is valued at $120 million, as announced in a press release on February 27. SEI's Family Office Services provides technology and outsourced services that streamline the accounting, investment management, and reporting functions of family offices and divisions of financial intermediaries. Post-acquisition, the business will carry on under the Archway brand, known for its platform in the family office market. The legal team from Ropes & Gray was led by partners specializing in private equity, executive compensation, IP transactions, employment, tax, and finance.
Sectors
- Financial Services
- Technology
- Private Equity
Geography
- United States – The companies involved, including SEI, Aquiline, and Ropes & Gray, are based in the United States, making it the central geographical focus of the article.
Industry
- Financial Services – The article focuses on the acquisition of a family office service provider, which is a key segment within the financial services industry.
- Technology – SEI's Family Office Services provides technology solutions that are critical for accounting, investment management, and reporting functions, thus falling under the technology sector.
- Private Equity – Aquiline, a private investment firm, is involved in the acquisition, making the private equity industry relevant to the article.
Financials
- $120 million – The acquisition price for SEI's Family Office Services division by Aquiline.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aquiline | Bidding Company/Buyer | Company | A private investment firm specializing in financial services and technology. |
| SEI | Target Company | Company | A company whose Family Office Services division is being acquired by Aquiline for $120 million. |
| Ropes & Gray | Legal Advisor | Company | A law firm that represented Aquiline in the acquisition deal. |
| Scott Abramowitz | Private Equity Partner | Person | A private equity partner at Ropes & Gray involved in advising the acquisition deal. |
| Sam Levitt | Private Equity Partner | Person | A private equity partner at Ropes & Gray involved in advising the acquisition deal. |
| Danna Kivell | Executive Compensation & Employee Benefits Partner | Person | An executive compensation & employee benefits partner at Ropes & Gray involved in the deal. |
| Jordan Altman | IP Transactions Partner | Person | An IP transactions partner at Ropes & Gray advising on intellectual property aspects of the deal. |
| Stephanie Bruce | Employment Partner | Person | An employment partner at Ropes & Gray involved in the acquisition transaction. |
| Alyssa Kollmeyer | Tax Partner | Person | A tax partner at Ropes & Gray advising on tax aspects of the deal. |
| Andrea Hwang | Finance Partner | Person | A finance partner at Ropes & Gray involved in the financial aspects of the acquisition. |