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. K&L Gates LLP provided tailored legal advice throughout this acquisition process, ensuring that Foro could navigate the complexities of the transaction efficiently. The firm not only assisted with the acquisition but also facilitated an additional capital investment from Citi, alongside other investors like TTV Capital, US Bank, and Correlation Ventures, aimed at supporting Foro's growth. The results of this strategic acquisition were significant for Foro. By integrating Bridge into its operations, Foro enhanced its ability to empower growing companies in accessing commercial loans, leveraging data and insights to meet the specific needs of both businesses and financial institutions. This transaction was deemed critical for Foro's future growth prospects, positioning the company to better serve its clients and expand its market presence in the financial sector.