A Manatt team led by Mergers and Acquisitions and Capital Markets Partner and Leader Thomas Poletti and Financial Services Leader Craig Miller represented Enterprise Trust & Investment Company (ETIC) in its acquisition by wealth management firm Lido Advisors.
Based in the Greater San Francisco Bay Area, ETIC manages approximately $800 million in assets, providing its clients with trust, fiduciary and investment management services. The transaction enables Lido to expand its comprehensive wealth planning process designed to grow, protect and maximize clients’ wealth.
The deal team also included Partner Veronica Lah and Associate Lucille White (Corporate and Finance), Partners David Herbst and Jeffrey Mannisto and Associate Jonathan Weiss (Tax), Partners Esra Hudson and Sharon Bauman (Employment), Partner Michel Narganes (Digital and Technology Transactions), Senior Advisor Jan Owen (Financial Services), and Partner Brandon Reilly (Privacy and Data Security).
To learn more about this deal, read the press release here and coverage in Private Banker International here.