Latham & Watkins Advises Funding Circle in Sale of US Business to iBusiness Funding
Summary
A Latham & Watkins LLP 'Our Work' item dated July 29, 2024 says the firm represented Funding Circle, which it calls the UK's leading SME lending platform, in the completed sale of its US business segment to iBusiness Funding, LLC, a provider of lending solutions for banks and lenders with a specialization in SBA lending, for a total cash consideration of approximately £33 million. The corporate deal team was led by Chicago partners Bradley Faris and Max Schleusener, with associate Brian Baloun.
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Cited in: Funding Circle
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“Latham & Watkins Advises Funding Circle in Sale of US Business to iBusiness Funding.”
Original at www.lw.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/latham-watkins-advises-funding-circle-in-sale-of-u-s-business-to-ibusi-8cad4152db/
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Our Work Latham & Watkins Advises Funding Circle in Sale of US Business to iBusiness Funding July 29, 2024 Firm represented the SME lending platform in the transaction. Funding Circle, the UK's leading SME lending platform, announced it has completed the sale of its US business segment to iBusiness Funding, LLC, a leading provider of lending solutions for banks and lenders of all sizes with a specialization in SBA lending. The transaction was for a total cash consideration of approximately £33 million. Latham & Watkins LLP represented Funding Circle in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Max Schleusener, with associate Brian Baloun. Endnotes Contacts Bradley C. Faris Chicago / New York bradley.faris@lw.com +1.312.876.6514 Max Schleusener Chicago max.schleusener@lw.com +1.312.876.7609
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