Fenwick & West represented Clarity Money, Inc., a leading app that helps consumers better manage personal finances by harnessing the power of machine learning and intuitive design to provide actionable insights, in its acquisition by Goldman Sachs Bank USA, a New York State-charted bank that is a wholly-owned, direct subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS). Financial terms of the transaction were not disclosed.
Clarity Money, led by Adam Dell, will be joining Marcus by Goldman Sachs®, and will continue offering products and tools designed to help people achieve financial well-being. More information about Clarity Money’s acquisition by Goldman Sachs can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Kris Withrow, Victoria Lupu, Shen Zhang, Larry Suh and Michael Ohta; technology transactions lawyers Ralph Pais and Michael Riskin; executive compensation and employee benefits lawyers Scott Spector, Patrick Grilli, Ariel Gaknoki and Sarah Ghulamhussain; and tax lawyers Will Skinner and David de Ruig.