Matthew H. Nemeroff

Mr. Nemeroff also has an active practice advising private equity firms transacting in the financial services sector. In addition, he regularly advises clients on corporate governance, securities laws and general corporate matters. Mr. Nemeroff was named one of Law360’s Rising Stars in Fintech, which recognizes “attorneys under 40 whose legal accomplishments belie their age.”

Representative transactions include:

Banking; Specialty Finance

• AloStar Bank of Commerce in its $196 million sale to State Bank and Trust Company
• Banc of California in its pending merger with PacWest Bancorp and its concurrent $400 million equity raise from Warburg Pincus and Centerbridge
• Flagstar Bancorp, Inc. in its $2.6 billion merger with New York Community Bancorp, Inc.
• Green Bancorp, Inc. in its acquisition of Patriot Bancshares, Inc.
• Greentech Capital Advisors in its sale to Nomura
• OceanFirst Financial Corp. in its separate acquisitions of six publicly traded and privately held community bank and thrift organizations
• OFG Bancorp in its $550 million acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands banking operations
• Springleaf Holdings, Inc. in its $4.25 billion acquisition of OneMain Financial, Inc.
• Sumitomo Mitsui Banking Corporation in its investment in Jefferies Financial Group
• Sumitomo Mitsui Trust Bank in its investment in GreensLedge Holdings
• United Auto Credit in its sale to Vroom, Inc.
• Yadkin Financial Corporation in its acquisition of NewBridge Bancorp

Fintech; Data and Analytics; Market Infrastructure

• American Express in its acquisition of LoungeBuddy
• Bank of New York Mellon, Computershare, Clearstream, Deutsche Bank, HSBC, JPMorgan Chase and State Street in their investment in Proxymity
• BNP Paribas, Bank of New York Mellon, Citigroup, Goldman Sachs and JPMorgan Chase in their investment in blockchain market infrastructure platform HQLAx
• Citi, Goldman Sachs and JPMorgan Chase in their investment in Access FinTech
• Deutsche Bank in its investment in Modo Payments
• eToro Group Ltd. in its proposed (but terminated) business combination with FinTech Acquisition Corp. V
• Fair Square Financial in its $750 million sale to Ally Financial
• iCapital in its acquisition of SIMON Group, LLC
• JPMorgan Chase in the sale of its blockchain platform Quorum to, and concurrent strategic investment in, ConsenSys Software
• Live Oak in its investment in Finxact
• Nasdaq in its spin-out of its private markets trading business (NPM) and concurrent investment in NPM by a consortium of bank partners, including SVB Financial Group, Citi, Goldman Sachs and Morgan Stanley
• S&P Global in its $975 million sale of its Engineering Solutions business to funds managed by KKR
• Worldpay in its $43 billion merger with FIS
• Zip Co Limited in its acquisition of QuadPay and its announced acquisition of Sezzle Inc.

Financial Services Private Equity

• The Blackstone Group in its:
  • sale of Exeter Finance to an investor group led by Warburg Pincus
  • acquisition of a controlling equity stake in Stearns Lending
  • sale of Stearns Lending to Guaranteed Rate, Inc.
• Further Global in its acquisition of a controlling stake in U.S. Claims
• Pine Brook Capital Partners in its:
  • acquisition of WhiteStar Asset Management from Triumph Bancorp
  • sale of WhiteStar Asset Management to Clearlake Capital Group
  • investment in Better Mortgage
  • investment in Fair Square Financial Holdings LLC
• Stone Point Capital in its investment in TriState Capital Holdings, Inc., and its portfolio company Stretto’s acquisition of CINGroup
• TPG Capital and its portfolio company, The Warranty Group, in The Warranty Group’s $2.5 billion business combination with Assurant, Inc.

Insurance

• American Financial Group, Inc. in its $210 million acquisition of Crop Risk Services, Inc. from American International Group, Inc.
• Endurance Specialty Holdings in its $1.8 billion merger with Montpelier Re Holdings
• Liberty Mutual Group Inc. in its $3 billion acquisition of Ironshore Inc.
• Validus Holdings, Ltd. in its $127.5 million acquisition of the crop risk services business of Archer-Daniels-Midland Company
• XL Group plc in its $4.2 billion acquisition of Catlin Group Limited

Other

• Fifth Street Finance Corp. in its settlement with activist investor RiverNorth Capital
• WeWork in an $8 billion transaction in which SoftBank provided financing to the company and proposed to acquire a majority of its outstanding shares through a tender offer