M&A – Alger Associates acquisition of Weatherbie Capital

Represented Alger Associates, Inc., a leading asset management firm, in connection with its acquisition of growth equity manager Weatherbie Capital, LLC.

In March 2017, Alger Associates completed its acquisition of Weatherbie Capital. Boston-based Weatherbie Capital was founded in 1995 and has assets under management of over $800 million invested in U.S. small and mid-cap growth companies. Founder, CEO and co-CIO Matthew Weatherbie and the rest of the Weatherbie Capital investment team will continue to operate as a discrete subsidiary of Alger and will assume certain portfolio management responsibilities for two of Alger’s mutual fund strategies, bringing their managed assets to over $1 billion. New York-based Alger was founded in 1964, and as of December 31, 2016 managed $19.5 billion of assets. A Seward & Kissel team led by partners James Abbott, James Cofer and Anne Patin, counsel Michael O’Brien, and associates Dora Pulido, Keith Kessinger, Katherine Porter, David Nangle and Shannon Smith represented Alger in this transaction.