Leading transatlantic law firm Womble Bond Dickinson represented Frontier Growth, a growth equity firm specializing in support software companies, in connection with its $31 million minority equity investment in Wealthbox CRM.

Launched in 2014, Wealthbox provides customer relationship management technology for financial advisors at wealth management firms and broker-dealers to track client relationships, collaborate as a team, and streamline operations. In connection with Frontier Growth’s investment, the Womble Bond Dickinson team also helped supervise a tender offer by Wealthbox and a related spinout of the Wealthbase product previously offered by Wealthbox. Frontier’s strategic growth investment is expected to help Wealthbox accelerate product development and innovation.

D. Scott Anderson and Patrick T. Strubbe led the multidisciplinary Womble Bond Dickinson team that represented Frontier Growth in the deal. The team also included privacy and cybersecurity team chair Tara N. Cho, benefits partner Patrick M. Allen, executive compensation partner Jane Jeffries Jones, tax partner C. Mark Wiley, and intellectual property partner Michael A. Tobin. Other key Womble Bond Dickinson team members involved in the transaction were corporate associate Jake G. Rifkin, intellectual property associate Taylor Ey, and labor and employment associate Carson Lane.

Frontier Growth provides support for growth – both investment capital and operational expertise – primarily for software companies with $5 million to $30 million in revenue. In recent years, the Womble Bond Dickinson team has represented Frontier through numerous other investments, recapitalizations and divestitures.

Click here to read Frontier Growth and Wealthbox’s press release on the investment.