Fenwick represented Remitly (NASDAQ: RELY), a global digital financial services provider for immigrants and their families, in its announced agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock.
The acquisition of Rewire will deepen Remitly’s relationships with customers and provide additional flexibility and convenience to its financial service products. More information can be obtained from Remitly’s announcement.
Fenwick has served as counsel to Remitly for several years, led by corporate partner Bill Bromfield. The Fenwick transaction team for Remitly’s acquisition included corporate partner Bomi Lee and associates Chris Gorman, Jiarui Li, Zoe Zhang and Riddhi Adhikari; technology transactions partner Jonathan Millard, associates Russell Wong and Sankalp Kandaswamy and advisor Sandra Weustink; executive compensation and employee benefits partner Shawn Lampron and associates Christophe Delrieu and Cynthia Yuan; privacy and cybersecurity counsel Helen Christakos and associate Alyona Eidinger; regulatory partner Steve Albertson and associate Igor Voloshin; and trade and national security partner Melissa Duffy and associates Jean Chang and Mercedes Morno.