WEX Inc. Announces Definitive Agreement to Acquire Electronic Funds Source LLC

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WEX Inc. Announces Definitive Agreement to Acquire Electronic Funds Source LLC

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WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
We guide clients through today’s ever-changing debt markets, representing them in a broad variety of debt deals that range from complex financial structures to traditional loan transactions.
WilmerHale’s corporate lawyers have a long history of experience with cross-border deals involving mergers and acquisitions, public offerings and capital markets, venture capital, joint ventures and other transactions.

On October 19, 2015, WEX Inc., a leading provider of corporate payment solutions, announced it entered into a definitive agreement to acquire Electronic Funds Source LLC (EFS) for a total consideration of approximately $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner.

WEX Inc. was represented by WilmerHale in this transaction, with Partners Mark Borden and Jeff Stein and Counsel Andrew Bonnes leading the M&A team. The full team included: Partners John Sigel, Justin Ochs, Julie Hogan Rodgers, Scott Kilgore, Michael Bevilacqua; Special Counsel Jamie Class; and Counsel Ciara Baker and Michael Blayney.

Visit www.wexinc.com to view the complete release.

 

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