April 19, 2021
Mayer Brown represents Marlin Business Services in sale to affiliates of HPS Investment Partners
Mayer Brown represented Marlin Business Services Corp., a NASDAQ-listed nationwide provider in the US of capital solutions to small businesses, in its sale to funds managed by HPS Investment Partners LLC for $23.50 per share.
The closing of the transaction is subject to various customary closing conditions, including regulatory and shareholder approvals, as well as the condition that Marlin Business Bank, a subsidiary of Marlin, effect a “de-banking” and cease operations as a bank.
The Mayer Brown team was led by Corporate & Securities partner Bill Kucera and associate Ryan Ferris (both Chicago) and included: Financial Services Regulatory & Enforcement – partner Jeffrey Taft (Washington DC); Banking & Finance – partner Barbara Goodstein (New York); Employment & Benefits – partner Stephanie Vasconcellos; Litigation & Dispute Resolution – counsel Maritoni Kane (both Chicago) and Meytal McCoy (Washington DC); Intellectual Property – partner Rich Assmus (Chicago) and associate Tiffany Brown (Los Angeles); Corporate & Securities – partners Lei Shen, Larry Hamilton and Bruce Perce and associates Mark Dunham, Laura McKenzie, Maya Rahwanji (all Chicago) and David Heales; Tax Transactions & Consulting – partner Jason Bazar and associate Stephanie Wood (all New York); and Real Estate Markets – partner David Saye and counsel Philip Runkel (both Charlotte).
The closing of the transaction is subject to various customary closing conditions, including regulatory and shareholder approvals, as well as the condition that Marlin Business Bank, a subsidiary of Marlin, effect a “de-banking” and cease operations as a bank.
The Mayer Brown team was led by Corporate & Securities partner Bill Kucera and associate Ryan Ferris (both Chicago) and included: Financial Services Regulatory & Enforcement – partner Jeffrey Taft (Washington DC); Banking & Finance – partner Barbara Goodstein (New York); Employment & Benefits – partner Stephanie Vasconcellos; Litigation & Dispute Resolution – counsel Maritoni Kane (both Chicago) and Meytal McCoy (Washington DC); Intellectual Property – partner Rich Assmus (Chicago) and associate Tiffany Brown (Los Angeles); Corporate & Securities – partners Lei Shen, Larry Hamilton and Bruce Perce and associates Mark Dunham, Laura McKenzie, Maya Rahwanji (all Chicago) and David Heales; Tax Transactions & Consulting – partner Jason Bazar and associate Stephanie Wood (all New York); and Real Estate Markets – partner David Saye and counsel Philip Runkel (both Charlotte).
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