Matthew H. Nemeroff

Matthew H. Nemeroff

Counsel, Financial Institutions; Mergers and Acquisitions

Matthew H. Nemeroff focuses on mergers and acquisitions, divestitures, joint ventures and financing transactions. He advises clients on complex U.S. and cross-border transactions involving financial institutions in the banking, financial technology, specialty finance and insurance sectors.

Bio

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.

Representative transactions include:

Banking / Specialty Finance

  • AloStar Bank of Commerce in its $196 million sale to State Bank and Trust Company;
  • Flagstar Bancorp, Inc. in its pending $2.6 billion merger with New York Community Bancorp, Inc.;
  • 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;
  • Green Bancorp, Inc. in its acquisition of Patriot Bancshares, Inc.;
  • Greentech Capital Advisors in its sale to Nomura;
  • Springleaf Holdings, Inc. in its $4.25 billion acquisition of OneMain Financial, Inc.;
  • Sumitomo Mitsui Trust Bank in its investment in GreensLedge Holdings;
  • Yadkin Financial Corporation in its acquisition of NewBridge Bancorp;

Financial Technology and Consortium Transactions

  • 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 ModoPayments, LLC;
  • eToro Group Ltd. in its pending $10.4 billion business combination with FinTech Acquisition Corp. V;
  • 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 into a joint venture consisting of Nasdaq, Citi, Goldman Sachs and Morgan Stanley;
  • Worldpay in its $43 billion merger with FIS;
  • Zip Co Limited in its acquisition of QuadPay, Inc.;

Financial Services Private Equity

  • The Blackstone Group in its:
    • pending sale of Exeter Finance to an investor group led by Warburg Pincus;
    • acquisition of a controlling equity stake in Stearns Lending; and
    • 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; and
    • 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 latter’s $2.5 billion business combination with Assurant, Inc.;

Insurance

  • 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

  • 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; and
  • Fifth Street Finance Corp. in its settlement with activist investor RiverNorth Capital.

Credentials

Education

  • J.D., University of Florida School of Law, 2013
  • B.S.B.A., University of Central Florida, 2009

Admissions

  • New York

Matthew H. Nemeroff

Counsel, Financial Institutions; Mergers and Acquisitions
matthew.nemeroff@skadden.com