Morrison & Foerster represented Altamont Capital Partners (“Altamont”), a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management, in obtaining financing to support its investment in Cornerstone Advisors, Inc. (“Cornerstone”), a leading provider of advisory services to banking institutions. The deal was announced on October 2, 2020.
Founded in 2002 and headquartered in Scottsdale, Arizona, Cornerstone is the leading authority on driving revenue and profitability improvements for mid-size banks and credit unions. The partnership with Altamont will enable Cornerstone to better serve clients while continuing to make investments in its employees, data-powered offerings, and internal infrastructure.
The MoFo team advising Altamont was led by San Francisco Private Equity/Finance partner Darío Avram and of counsel Eric Min.
Read more about the transaction in Altamont’s press release.