Latham & Watkins Advises IQ-EQ in Acquisition of South Watch LLC

IQ-EQ, an Astorg portfolio company, announced the strategic acquisition of South Watch LLC (South Watch), a boutique provider of comprehensive fund administration, outsourced CFO support, and tax preparation services to hedge fund managers in the United States and Cayman Islands. The business, which expands IQ-EQ’s footprint in the Northeastern market, was acquired from the majority shareholder, Everlane Equity Partners, and principal employee shareholders.

Latham & Watkins LLP represents IQ-EQ in the transaction with a corporate deal team led by New York partner David Beller, with associates Marc Klepner and Joey Yu. Advice was also provided on European corporate matters by associate Louise Gurly; on tax matters by New York partner Matthew Dewitz, with associate Jacob Nagelberg; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Hayden Rutledge; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on intellectual property matters by New York counsel Carrie Girgenti; on labor and employment matters by Chicago counsel Laura Waller, with associate Jocelyn Wexler; on investment funds matters by Chicago partner Laura Ferrell, with associate Daniel Filstrup; and on insurance matters by Los Angeles partner Harrison White, with associate Enrique Covarrubias.