Latham & Watkins Advises Figure on US$717 Million Acquisition of Kiavi
Figure Technology Solutions, Inc. (Figure) (Nasdaq: FIGR; OPEN: FGRS), the blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, has announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors. The transaction includes the purchase of Kiavi’s balance sheet assets by a joint venture between Figure and Sixth Street, a leading global investment firm, which is buying loans off Kiavi’s balance sheet. The total transaction purchase price is US$717 million.
Latham & Watkins LLP represents Figure in the transaction with a corporate deal team led by partners Marc Jaffe, Ian Schuman, Sean Parish, and Jason Morelli, with associates Sean Sheely, Meg Lloyd, Charles Mahone, Juna Kim, and Jane Lee. Advice was also provided on structured finance matters by partners Matt Hays and Joel Weinberger, with associate Eunice Chay and assistance from Denis Chan and Elisa Echavarria; on tax matters by partner Andrea Ramezan-Jackson, with associate Shiyi Parsons; on compensation and benefits matters by partners Bradd Williamson and Alisa Hand, with associate Hayden Rutledge; on intellectual property matters by partner Pelin Serpin, with associate Laura Geraci; on data privacy and cybersecurity matters by partner Robert Blamires, with associates Kathryn Parsons-Reponte and Eric Gonzalez; on compliance matters by partner Eric Volkman, with associates Matthew Crawford and Amulya Vadapalli; on finance matters by partner Scott Forchheimer; on real estate matters by counsel Jeffrey Anderson, with associate David Rao; on labor and employment matters by partner Nineveh Alkhas, with associate Elizabeth Duncan; on anti-bribery and anti-corruption matters by partner Erin Brown Jones, with associate Lucas Novaes; on capital markets matters by partners Adam Gelardi, Jason Licht, and Christopher Clark, with special legal consultant Maria Concepcion Olivera and associate Rychelle Andersen; on public company matters by partner Emily Corbi; on antitrust matters by partner David Brenneman, with associate Ben Bouwman; on regulatory matters by partner Paul Rosen and counsel Zachary Eddington, with associate Fiza Khan; and on representations and warranties insurance matters by partner Harrison White.