Brigit Announces up to $460 Million Sale to Upbound Group

New York – December 12, 2024 – Cooley advised Brigit, a financial health technology company, on its definitive agreement to be acquired by Upbound Group (Nasdaq: UPBD), a technology- and data-driven leader in accessible and inclusive financial products that address the evolving needs and aspirations of underserved consumers, for total consideration of up to $460 million. The acquisition is expected to close in Q1 2025, subject to receipt of requisite regulatory approvals and satisfaction of other customary closing conditions.

Lawyers Stephane Levy, David Silverman and Nathan Baum led the Cooley team advising Brigit, with support from tax partner Stephanie Gentile, regulatory partners Sean Ruff and Obrea Poindexter, compensation and benefits partner Nyron Persaud, antitrust and competition partner Megan Browdie, and technology transactions partners Len Jacoby and Lei Shen.

Cooley has advised Brigit on various matters since 2019, including various financings, regulatory matters, litigation and mergers and acquisitions.

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