WilmerHale Advises SoFi in Acquisition of Galileo

Download IconDownload Print IconPrint

WilmerHale Advises SoFi in Acquisition of Galileo

Client News

Related Solutions

Leveraging extensive federal- and state-level experience to guide clients through the complex rules and regulations related to consumer financial services.
Representing FinTech clients throughout their lifecycles.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
A deep and diverse practice focused on maximizing tax efficiencies and minimizing tax risks for clients nationally and internationally.
Critical industry insight and formidable strength across key practices.

On April 7, 2020, SoFi, the online personal finance company, announced that it has signed a definitive agreement to acquire Galileo Financial Technologies, the financial services API and payments platform, for $1.2 billion. With the addition of Galileo, SoFi strengthens its capabilities, rounding out its best-in-class technology ecosystem. Additionally, the combination will extend the reach of its products to other Galileo partners in the United States and international markets, while offering diversification and scale to SoFi's existing infrastructure. Galileo will continue to operate as an independent subsidiary of Social Finance Inc, and will collaborate with SoFi to accelerate the technology roadmap needs for consumer financial offerings, as well as offering the full SoFi suite of products and services to those Galileo partners who are looking to broaden their offering to better meet the needs of their customers. The transaction is subject to regulatory approvals and other customary closing conditions.

The WilmerHale team representing SoFi was led by Stephanie Evans and included Eric Hanson, Adam Freiman, James Higgins, Alex Bernstein, and Rylee Johnston for corporate and Ciara Baker, Michael Bevilacqua, Leon Greenfield, Scott Kilgore, Kirk Nahra, Chalyse Robinson, Matt Schnall, Kim Wethly, Joseph Minko, Nathan Moore, Meghan Walsh and Lauren Ige for other specialists areas.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel