Nicholas G. Demmo joined Wachtell, Lipton, Rosen & Katz in 1997 and was elected partner in 2004. Mr. Demmo focuses on M&A transactions and other critical situations involving financial institutions, and he has a broad range of experience in complex transactional, securities, private equity, regulatory, governance, activism and compliance matters. Mr. Demmo has worked on numerous public and private company acquisitions, securities offerings, corporate governance matters, activism and joint venture transactions.

Mr. Demmo is recognized as a leading lawyer by Chambers USA for his work on “complex M&A matters, including for banks and many other participants in the financial services space.” He received his B.A. in economics from Yale University in 1993 and his J.D. from The University of Pennsylvania in 1996, where he served on the Journal of International Economic Law and was a member of the Order of the Coif. Following graduation from law school, he clerked for the Honorable Dean D. Pregerson of the U.S. District Court for the Central District of California.

Selected representations in merger transactions include:

• Acima Holdings in its $1.65 billion acquisition by Rent-A-Center
• AllianceBerstein in its $750 million acquisition of CarVal Investors and its acquisitions of Ramius Alternative Solutions, W.P. Stewart, Pyrander Capital Management and the SunAmerica alternative investments group
• AssuranceIQ in its $3.5 billion sale to Prudential Financial
• Bank of America in the sale of its cash management business to BlackRock, the sale of bank branches having aggregate deposits of $13 billion to various purchasers, its $700 million sale of substantially all of the assets of Balboa Insurance Group to QBE Holdings, its $2.5 billion sale of Grupo Financiero Santander to Banco Santander; and its $50 billion acquisition of Merrill Lynch, its $21 billion acquisition of ABN Amro’s LaSalle Bank, its $3.3 billion acquisition of US Trust Company and its purchase of a payments related software business
• Bank of America, JPMorgan Chase and J.C. Flowers in their proposed and subsequently terminated $25.2 billion acquisition of Sallie Mae
• Bank of Montreal in its $16.3 billion acquisition of The Bank of the West from BNP Financial
• The Carlyle Group its $6.7 billion acquisition of Sedgwick, and in its acquisitions of CFGI Holdings, Benefits Mall, Wholesale Trading Co-Op Insurance Services, Conifer Financial Services, Edgewood Capital Partners Insurance Center (EPIC), NSM Insurance Group, and Duff & Phelps; its sale of the payroll business of Benefit Mall to ADP, the sale of Benefits Mall to Truist Financial, the sale of a significant interest in CFGI to CVC Capital Partner, and the sale of the NSM Insurance pet business to JAB Holding Company S.a.r.l.
• Chubb in its $28.3 billion acquisition by ACE Limited
• City National Corporation in its acquisitions of Rochedale Investment Management, First American Equipment Finance, Convergent Wealth Advisors, Lydian Wealth Management and Business Bank Corporation; and its $5.4 billion acquisition by Royal Bank of Canada
• FB Financial in its $611 million acquisition of Franklin Financial Network
• Hancock Whitney in its $240 million acquisition of MidSouth Financial, its $1.6 billion acquisition of deposits and assets of First NBC Bank from the FDIC, its $1.3 billion acquisition of branches locations and loans from First NBC Bank, and its $1.5 billion merger with Whitney Holding Corporation; and the sale of its consumer finance business to Tower Finance
• Huntington Bank in its acquisition of Digital Payments Torana, Capstone Partners, its $3.4 billion acquisition of FirstMerit, its $610 million acquisition of Unizan and its acquisitions of Macquarie equipment finance and Unizan Financial; and the sale of its Wisconsin branch franchise to Associated Bank
• Invesco Ltd. in its $5.7 billion acquisition of Oppenheimer Funds, its $1.2 billion acquisition of Guggenheim’s exchange-traded funds business, its $1.5 billion acquisition of Morgan Stanley’s Van Kampen investment management business, and its $375 million acquisition of WL Ross & Co; and its $210 million sale of Atlantic Trust to CIBC
• Investment Technology Group in its $1 billion sale to Virtu Financial
• JP Morgan Chase & Co. in its acquisitions of InstaMed Holdings, cxLoyalty Group and Figg
• Lincoln National in its $3.3 billion acquisition of Liberty Life Assurance Company of Boston and $410 million reinsurance transaction of Liberty Life’s life and annuity business to Protective Life
• The PNC Financial Services Group in its $11.6 billion acquisition of BBVA USA, its $1.25 billion acquisition of the U.S. commercial and vendor finance business of ECN Capital, its $5.2 billion acquisition of National City Corporation, its $6 billion acquisition of Mercantile Bankshares, as well as its acquisitions of Linga, Inc., Tempus Technologies, Trout Group, Fortis Advisors, Solebury Capital, Harris Williams, Riggs National, Yardville and United National; and the sale of its money transmission business to Transnetwork, LLC and its franchise finance business to MidCap Financial
• Pzena Investment Management special committee in a management-led buyout of Pzena
• Santander Holdings in its $1.1 billion sale of its Puerto Rico retail and commercial banking franchise to FirstBank Puerto Rico and its acquisition of Amherst Pierpont Securities
• Thomson Reuters Corporation in the $20 billion partial sale and strategic partnership with Blackstone for Thomson Reuters’ financial and risk business, and in the subsequent $27 billion sale of that business (Refinitiv) to the London Stock Exchange