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, insurance, financial technology and specialty lending sectors. He also regularly counsels clients on corporate governance, securities laws and other corporate issues.

Representative transactions include:

  • DuPont in its $130 billion merger-of-equals transaction with The Dow Chemical Company;
  • Worldpay, Inc. in its $43 billion merger with FIS;
  • Sumitomo Mitsui Banking Corporation in its (i) $3.4 billion acquisition of American Railcar Leasing LLC from Icahn Enterprises L.P.; and (ii) $383 million investment in Ares Management Corporation;
  • Wells Fargo Bank in its $1.2 billion sale of its Institutional Retirement & Trust business to Principal Financial Group;
  • Citigroup Inc. in the sale of its consumer banking and credit card businesses in (i) Brazil, to Itaú Unibanco Holding S.A.; and (ii) Colombia, to the Bank of Nova Scotia;
  • Blackstone Group LP in its sale of Lendmark Financial Services LLC to Lightyear Capital LLC and the Ontario Teachers’ Pension Plan Board;
  • Fortress in connection with (i) the sale of Cetera Financial Group to Genstar Capital; and (ii) the $743 million merger between Opus Bank and Pacific Premier Bancorp;
  • Fidelity & Guaranty Life in its $2.7 billion sale to Fidelity National Financial Inc.;
  • First Bancorp in its pending $1.1 billion acquisition of Banco Santander Puerto Rico;
  • Green Bancorp, Inc. in its $1 billion merger with Veritex Holdings, Inc.;
  • OneMain Holdings, Inc. in the acquisition of a 40% stake in the company by an investor group led by Apollo Global Management;
  • OceanFirst Financial Corp. in its $475 million acquisition of Sun Bancorp, Inc.;
  • Jefferies Financial Group in connection with the $170 million sale of FastMatch, Inc. to Euronext N.V.;
  • TPG and Calera Capital in the $165 million sale of Direct General Corporation to National General Holdings;
  • Stone Point Capital in its acquisition of Kensington Vanguard Holdings, LLC; and
  • Summit Financial Disclosure, LLC in its sale to Broadridge Financial Solutions, Inc.

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