Matthew Nemeroff

Matt Nemeroff is a Partner in Simpson Thacher’s Financial Institutions Practice. Based in the Firm’s New York office, his practice includes advising public and private financial institutions and private equity sponsors on complex cross-border and domestic M&A, divestitures, investments, joint ventures, consortium transactions, capital raising and corporate governance matters. Matt works with clients across the financial services sector, including in banking, fintech, specialty finance and insurance. Matt was previously recognized by Law360 as a “Rising Star” in Fintech.

Select financial services transactions include:

Banking and Specialty Finance

• Israel Discount Bank in its pending sale of an approximately 15% equity stake in Discount Bancorp to Gallatin Point Capital in exchange for a $150 million investment
• New York Community Bank in its sale of $5 billion in warehouse loans to JPMorgan
• New York Community Bancorp in its over $1 billion recapitalization via a capital raise led by Liberty Strategic Capital, Hudson Bay and Reverence Capital*
• AloStar Bank of Commerce in its $196 million sale to State Bank and Trust Company*
• Banc of California in its merger with PacWest Bancorp and its concurrent $400 million equity raise from Warburg Pincus and Centerbridge*
• Flagstar Bancorp, Inc. in its $2.6 billion merger with New York Community Bancorp, Inc.*
• Green Bancorp, Inc. in its acquisition of Patriot Bancshares, Inc.*
• Greentech Capital Advisors in its sale to Nomura*
• OceanFirst Financial Corp. in its separate acquisitions of six publicly traded and privately held community bank and thrift organizations*
• OFG Bancorp in its $550 million acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands banking operations*
• Springleaf Holdings, Inc. in its $4.25 billion acquisition of OneMain Financial, Inc.*
• Sumitomo Mitsui Trust Bank in its investment in GreensLedge Holdings*
• United Auto Credit in its sale to Vroom, Inc.*
• Yadkin Financial Corporation in its acquisition of NewBridge Bancorp*

Fintech; Data and Analytics; Market Infrastructure

• BharCap Partners in its acquisition of Electronic Merchant Systems
• American Express in its acquisition of LoungeBuddy*
• Bank of New York Mellon, Computershare, Clearstream, Deutsche Bank, HSBC, JPMorgan Chase and State Street in their investment in Proxymity*
• BNP Paribas, Bank of New York Mellon, Citigroup, Goldman Sachs and JPMorgan Chase in their investment in blockchain market infrastructure platform HQLAx*
• Citi, Goldman Sachs and JPMorgan Chase in their investment in Access FinTech*
• Deutsche Bank in its investment in Modo Payments*
• eToro Group Ltd. in its proposed (but terminated) business combination with FinTech Acquisition Corp. V*
• Fair Square Financial in its $750 million sale to Ally Financial*
• iCapital in its acquisition of SIMON Group, LLC*
• JPMorgan Chase in the sale of its blockchain platform Quorum to, and concurrent strategic investment in, ConsenSys Software*
• Live Oak in its investment in Finxact*
• Numerous consortium transactions, including:
• Nasdaq in its spin-out of its private markets trading business (NPM) and concurrent investment in NPM by a consortium of bank partners;*
• Bank of New York Mellon, Computershare, Clearstream, HSBC, JPMorgan Chase and State Street and others in their investment in Proxymity;*
• BNP Paribas, Bank of New York Mellon, Citigroup, Goldman Sachs and JPMorgan Chase in their investment in blockchain market infrastructure platform HQLAx; and*
• Citi, Goldman Sachs and JPMorgan Chase in their investment in Access FinTech.*
• S&P Global in its
• $975 million sale of its Engineering Solutions business to funds managed by KKR; and*
• acquisition of Visible Alpha*
• Worldpay in its $43 billion merger with FIS*
• Zip Co Limited in its acquisition of QuadPay and its announced acquisition of Sezzle Inc.*

Private Equity

• Blackstone in its acquisition of a controlling equity stake in Stearns Lending; and sales of Exeter Finance to an investor group led by Warburg Pincus and of Stearns Lending to Guaranteed Rate, Inc.*
• BharCap Partners in its:
• acquisition of Electronic Merchant Systems; and
• acquisition of Insurvia*
• Further Global in its acquisition of a controlling stake in U.S. Claims*
• Pine Brook Capital Partners in its acquisition of WhiteStar Asset Management from Triumph Bancorp; sale of WhiteStar Asset Management to Clearlake Capital Group; and investments in Better Mortgage and Fair Square Financial Holdings*
• Stone Point Capital in its investment in TriState Capital Holdings, Inc., and its portfolio company, Stretto’s, acquisition of CINGroup*
• TPG Capital and its portfolio company, The Warranty Group, in The Warranty Group’s $2.5 billion business combination with Assurant, Inc.*

Insurance

• American Financial Group, Inc. in its $210 million acquisition of Crop Risk Services, Inc. from American International Group, Inc.*
• Endurance Specialty Holdings in its $1.8 billion merger with Montpelier Re Holdings*
• Liberty Mutual Group Inc. in its $3 billion acquisition of Ironshore Inc.*
• Validus Holdings, Ltd. in its $127.5 million acquisition of the crop risk services business of Archer-Daniels-Midland Company*
• XL Group plc in its $4.2 billion acquisition of Catlin Group Limited*

Other

• Fifth Street Finance Corp. in its settlement with activist investor RiverNorth Capital*
• WeWork in an $8 billion transaction in which SoftBank provided financing to the company and proposed to acquire a majority of its outstanding shares through a tender offer*

*includes experience prior to joining Simpson Thacher & Bartlett LLP