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, Inc. in its merger with FIS;
  • Sumitomo Mitsui Banking Corporation in its (i) acquisition of American Railcar Leasing LLC from Icahn Enterprises L.P.; and (ii) investments in Ares Management;
  • Wells Fargo Bank in connection with its (i) carve-out sale of its Institutional Retirement & Trust business to Principal Financial Group; and (ii) sale of its private student loan portfolio to a group of investors, with Firstmark, a division of Nelnet, to service the portfolio;
  • 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 merger between Opus Bank and Pacific Premier Bancorp;
  • Stone Point Capital in its acquisition of Kensington Vanguard Holdings, LLC;
  • TPG and Calera Capital in the sale of Direct General Corporation to National General Holdings;
  • First Bancorp in its acquisition of Banco Santander Puerto Rico;
  • Green Bancorp, Inc. in its merger with Veritex Holdings, Inc.;
  • Veritex Holdings, Inc. in its pending investment in Thrive Mortgage;
  • OceanFirst Financial Corp. in its acquisition of Sun Bancorp, Inc.;
  • DMG Bancshares in its capital raise anchored by Stone Point and Reverence Capital, and its acquisition of California First National Bank;
  • 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 Inc.;
  • Jefferies Financial Group in connection with the sale of FastMatch, Inc. to Euronext N.V.;
  • HC2 Holdings, Inc. in the pending sale of its long-term care insurance business, including Continental Insurance Group Ltd., to MG Capital, which is controlled by Michael Gorzynski, a director of HC2 and the executive chairman of Continental Insurance Group;
  • SSG Capital Holdings in its sale of a controlling stake to Ares Management; 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