Timothy J. Gaffney

Timothy J. Gaffney

Associate, Financial Institutions; Mergers and Acquisitions

Bio

Tim J. Gaffney’s practice focuses on mergers and acquisitions, divestitures, private equity and general corporate matters. Mr. Gaffney advises clients on a variety of U.S. and cross-border transactions involving financial institutions in the banking, financial technology, specialty lending and insurance sectors. He also regularly counsels clients on corporate governance, securities laws and other corporate issues.

Representative transactions include:

  • DuPont in its merger-of-equals transaction with The Dow Chemical Company;
  • Worldpay in its merger with FIS;
  • Sumitomo Mitsui Banking Corporation in its (i) acquisition of American Railcar Leasing from Icahn Enterprises; and (ii) investments in Ares Management, Jefferies Financial Group and Moelis & Company;
  • Wells Fargo Bank in connection with its sale of its (i) Institutional Retirement & Trust business to Principal Financial Group; and (ii) student loan portfolio to a group of institutional investors;
  • Citigroup in the sale of its consumer banking and credit card businesses in (i) Brazil, to Itaú; and (ii) Colombia, to the Bank of Nova Scotia;
  • Blackstone Group in its sale of Lendmark Financial Services to Lightyear Capital and the Ontario Teachers’ Pension Plan Board;
  • Fortress in connection with (i) the sale of Cetera Financial Group to Genstar Capital; and (ii) the merger between Opus Bank and Pacific Premier Bancorp;
  • Stone Point Capital in its acquisition of Kensington Vanguard;
  • TPG and Calera Capital in the sale of Direct General to National General;
  • OceanFirst Financial Corp. in its (i) acquisitions of Sun Bancorp; (ii) minority investment in Auxilor Capital; and (iii) pending acquisition of Partners Bancorp;
  • First Bancorp in its acquisition of Banco Santander Puerto Rico;
  • Veritex Holdings in its (i) minority investment in Thrive Mortgage; and (ii) pending acquisition of interLINK;
  • Green Bancorp in its merger with Veritex Holdings;
  • CMS Energy in its sale of EnerBank to Regions Bank;
  • DMG Bancshares in its (i) capital raise anchored by Stone Point and Reverence Capital; (ii) acquisition of California First National Bank; and (iii) pending acquisition of Liberty Bancorp;
  • OneMain Holdings, Inc. in the acquisition of a 40% stake in the company by an investor group led by Apollo Global Management;
  • Fidelity & Guaranty Life in its sale to Fidelity National Financial;
  • Priam Capital in connection with its investment in U.S. Century Bank;
  • Aquarian Holdings in minority investments in the financial institutions sector;
  • Jefferies Financial Group in the sale of FastMatch to Euronext;
  • Innovate Corp (f/k/a HC2) in the sale of its long-term care insurance business, including Continental Insurance Group, to MG Capital, which is controlled by Michael Gorzynski, a director of HC2 and the executive chairman of Continental Insurance;
  • SSG Capital in its sale of a controlling stake to Ares Management; and
  • Summit Financial Disclosure in its sale to Broadridge Financial Solutions.

Credentials

Education

  • J.D., University of Michigan Law School, 2014
  • B.S., University of Oregon, 2011

Admissions

  • New York

Timothy J. Gaffney

Associate, Financial Institutions; Mergers and Acquisitions
timothy.gaffney@skadden.com