Schulte is advising Priority Technology Holdings in its acquisition of Finxera Holdings, a fintech innovator that launched and operated one of the first Banking as a Service platforms. Once merged, the company will offer clients turn-key merchant services, payment facilitation, card issuing, automated payables, virtual banking and e-wallet tools supported by its top-notch client service, risk management, underwriting and compliance all on one single platform. The deal was announced in March 2021 and is expected to close in the third quarter of 2021.
The Schulte team advising Priority Technology Holdings is led by M&A and Securities partner Michael Gilligan and includes M&A and Securities partner F. Xavier Kowalski, associates William Tevlin and law clerk Zachary Jones; Bank Regulatory partner Donald Mosher, special counsel Jessica Sklute and Melissa G.R. Goldstein and associates Jessica Romano, Adam Barazani and Nicholas Zlevor; Finance & Derivatives counsel Ronald Risdon and associate Farzaan Ijaz; Tax partner David Passey and associate Joseph Reich; Intellectual Property, Sourcing & Technology partner Edward Sadtler and associate Jennifer Gordon; Employment & Employee Benefits partner Ian Levin and special counsel Adam Gartner; and former Schulte lawyers John Garces, Erik Hays and Jaclyn Malmed.