Minella Capital Management LLC, a private equity firm, has agreedto acquire a majority stake in W.E.Donoghue & Co. Inc.
Based in Norwood, Mass., W.E. Donoghue & Co. is an investmentadviser with more than $1.6 billion in client assets. The transaction facilitatessuccession planning for the firm's founder, William Donoghue.
Silver Lane Advisors LLC served as financial adviser to W.E.Donoghue, and Alston & Bird LLP acted as its legal counsel. Finn Dixon &Herling LLP acted as Minella Capital Management's legal counsel.
Minella Capital was founded by David Minella, who previouslyserved as CEO of several asset managers including Aligned Asset Managers LLC, Value Asset Management LLC andthe asset management division of Liechtenstein Global Trust.