White & Case advises Lunate on acquisition of a strategic stake in Azura Partners

Global law firm White & Case LLP has advised Lunate, an Abu Dhabi-based global alternative asset manager, on its agreement to acquire a strategic stake in Azura Partners, a global wealth manager serving ultra-high net worth and high-net-worth individuals, entrepreneurs and single-family offices.

The investment marks Lunate's continued expansion into adjacent high-growth business areas such as wealth management and will enable Azura to scale its assets under management, hire top talent, implement best-in-class technology and expand its product offerings, including enhanced access to private market opportunities for its clients.

"This investment will advance Lunate's strategic ambitions and further strengthen Azura's ability to provide high quality services to its clients," said White & Case partner Steven Worthington, who led the Firm's deal team. "The transaction also illustrates White & Case's strong global capabilities and cross-border expertise."

Azura, currently headquartered in Monaco, will redomicile and establish new headquarters in Abu Dhabi, benefitting from the Abu Dhabi Global Market's world-class infrastructure and regulatory environment.

The White & Case team that advised on the transaction was led by partner Steven Worthington (Abu Dhabi) and included local partner Adnan Bekdur (Dubai) and associates Hugh Brunjes and James Fox (both Abu Dhabi). The team also received support from partners William Watson (Dubai), Jonathan Rogers and Anneka Randhawa, counsel Laura Kitchen (all London) and associates Gabrielle Margerison (Dubai) and Isabella Bertolini (London).

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