M&A Advisory
K&L Gates
Full Credential Description
Foro Holdings, Inc., a commercial lending provider based in Charlotte, faced the challenge of expanding its capabilities to connect small and medium-sized businesses with a diverse range of lenders for business loans. To address this, Foro sought to acquire Bridge, a digital platform developed by Citi, which was designed to facilitate these connections. The acquisition was critical for Foro's growth prospects, as it aimed to enhance its service offerings and improve access to capital for its clients. K&L Gates LLP provided tailored legal advice throughout this acquisition process. The firm’s team, led by corporate partners Michael Hutson and Rick Giovannelli, worked diligently to navigate the complexities of the transaction, ensuring that it was completed on an expedited timeline. In addition to the acquisition, Citi also made a capital investment in Foro, joining other investors like TTV Capital and US Bank, which further supported Foro's growth strategy. As a result of this strategic acquisition and investment, Foro is now better positioned to empower growing companies in their quest for commercial loans, leveraging data and insights to meet the specific needs of both businesses and financial institutions. This collaboration not only enhances Foro's operational capabilities but also strengthens its market position in the financial sector.