Orrick Advises SoFi on Acquisition of Zenbanx

February.02.2017

Orrick has advised financial startup SoFi on its acquisition of Zenbanx, a Delaware-based company that offers customers a mobile banking account that enables them to save, send and spend in multiple currencies. As part of the acquisition, Zenbanx founder and CEO Arkadi Kuhlmann will join SoFi’s management team leading the development of new banking services.

Orrick has been advising SoFi since its inception in 2011, including its most recent $1 billion Series E financing round. The Orrick team advising SoFi was led by partners Peter Cohn and Mark Seneca and included assistance by associates Chris Trester and Diana Stern, as well as partner Steven Malvey and associate Kimberly Loocke on tax issues, partners Nancy Chen and Michael Yang and associate Katherine Hogan on compensation and benefits, partner Daniel Yost and associate Ramin Tohidi on IP issues and partner Barrie VanBrackle on compliance.

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Peter Cohn Senior Counsel, Technology Companies Group, Mergers & Acquisitions

Silicon Valley

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D:+1 650 614 7420
E: [email protected]

Practice:

Technology & Innovation Sector
Technology Companies Group
Mergers & Acquisitions

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Peter Cohn Senior Counsel

Silicon Valley

He represents emerging growth technology companies, venture capital firms, and investment banks in a broad range of matters, including initial public offerings, venture capital and other private securities financings, strategic alliances, mergers and acquisitions, and executive compensation matters, as well as technology licensing and general corporate matters.

Representative company clients include Brdseye, Inc., Complete Solar, Inc., DistroScale, Inc., Escalon Services, Inc., dopomo, inc., ESS Technologies, Inc., Flo Water, Inc., MarketNation, Inc., MediSens, Inc., Nocimed, Inc., Ordermark, Inc., PixelTitan, Inc., rENIAC, Inc., Reno Sub-Systems, Inc., Rocket Resume, Inc., Rufus Labs, Inc., SoFi Technologies, Inc., Solarlytics, Inc., Space Plan Wizard, Inc., Summer Robotics, Inc., Tiatros, Inc., Visual EDGE Technology, Inc., Waimana Hydrogen, Inc. as well as public companies such as PDF Solutions, Inc.

Peter joined Orrick in May 1999 and founded Orrick’s Silicon Valley Technology Companies Practice. He previously practiced with Venture Law Group in Menlo Park, California from 1995 to 1999; Howard, Rice, Nemerovski, Canady, Falk & Rabkin in San Francisco from 1986 to 1995; and Davis Polk & Wardwell in New York City from 1982 to 1986.

He currently serves on the Board of the Young Adult and Family Center out of the University of California at San Francisco, which provides mental health services to young adults. He has served on the Board of Directors of: Family House, Inc., a temporary home for families of children undergoing cancer treatment at the University of California; San Francisco Medical Center; and KTEH Foundation - Channel 54 (PBS), the San Jose public television station.

Mark Seneca Partner, Mergers & Acquisitions, Technology Companies Group

Silicon Valley

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D:+1 650 289 7169
E: [email protected]

Practice:

Mergers & Acquisitions
Technology Companies Group

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Mark Seneca Partner

Silicon Valley

Mark has a particular focus on the technology sector, having led hundreds of buy-side and sell-side transactions involving prominent high-tech serial acquirers, unicorns and venture back companies. His sell-side work involves multiple acquisitions by Google, Facebook, Salesforce.com, VMware, Microsoft, Intel, IBM, Adobe, Yahoo! and Twitter. These deals include his high profile work for Mosaic ML on its US$1.3 billion acquisition by Databricks, Cruise Automation in its acquisition by General Motors, Nest Labs in its US$3.2 billion acquisition by Google, and Instagram in its US$1.0 billion acquisition by Facebook, which was ranked one of the top 10 largest valued private tech M&A deals in the U.S. in 2012. In an interview with Bloomberg Law for a “Rainmakers” episode, Mark provided a substantive analysis of the Instagram deal, including its industry precedent and influence (click here).

On the buy-side, Mark has served as lead M&A counsel for top public company acquirers (Yelp, Google, Yahoo! and Intellisync) as well as private company serial acquirers (Stripe, Pinterest and Social Finance).

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