Akin Gump Advises Lido in Strategic Partnership and Joint Venture with IDB Bank
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(Washington, D.C.) - IDB Bank, the largest Israeli bank operating in the U.S., and Lido Advisors, LLC, an independent registered investment advisor, have announced the creation of a new strategic partnership and joint venture: IDB Lido Wealth. A team from Akin Gump advised Lido in the deal.
The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, and is expected to close by year end 2021. IDB and Lido will continue to remain independent companies.
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The Akin Gump team advising Lido was led by investment management partner Adam Hilkemann and included litigation partner Peter Altman, investment management senior counsel Brad Pugh and associate Anna Grey.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.
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