Buying Smart — Due Diligence and Acquisition Best Practices for State-Licensed Financial Services Companies

Private equity and other investors are showing increased interest in new business and market opportunities – often through acquisitions of financial services companies. But the acquisition of state-licensed financial services companies — marketplace lenders, small loan lenders, mortgage companies, collection agencies, and others — presents unique challenges that must be considered during the due diligence and deal negotiation phases in order to close transactions in the most efficient manner while remaining in compliance with state licensing laws. During this Orrick webcast, attorneys examined regulatory, licensing, and transactional best practices for prospective acquirers. Topics included due diligence, purchase agreement concepts and issues, change of control requirements, and other significant aspects of securing regulatory approval.