SoFi Technologies, Inc. (NasdaqGS:SOFI) signed a definitive agreement to acquire Galileo Financial Technologies, Inc. from Mercato Partners Growth II, L.P. managed by Mercato Partners and others for $1.2 billion on April 7, 2020. The purchase price comprised of cash and stock. Upon-closing, Galileo will continue to operate as an independent subsidiary of Social Finance Inc, with Clay Wilkes as Chief Executive Officer. The transaction is subject to regulatory approvals and other customary closing conditions. On April 20, 2020, Federal Trade Commission granted an early termination notice of antitrust approval waiting period. Goldman Sachs & Co. LLC and Citigroup served as financial advisors to Social Finance, Inc. Stephanie Evans, Eric Hanson, Adam Freiman and James Higgins from Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor to Social Finance for corporate, Ciara Baker, Michael Bevilacqua, Leon Greenfield, Scott Kilgore, Kirk Nahra, Chalyse Robinson, Matt Schnall, Kim Wethly, Joseph Minko, Nathan Moore and Meghan Walsh from Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor to Social Finance for other specialists areas. Qatalyst Partners LP served as financial advisor and Dorsey & Whitney LLP acted as legal advisor to Galileo. Qatalyst Partners served as financial advisor and Dorsey & Whitney acted as legal advisor to Galileo. Spencer Klein of Morrison & Foerster advised as legal advisor to Qatalyst Partners LP. SoFi Technologies, Inc. (NasdaqGS:SOFI) acquired Galileo Financial Technologies, Inc. from Mercato Partners Growth II, L.P. managed by Mercato Partners and others on May 14, 2020. As per closing, Galileo stockholders received shares of Series H-1 preferred stock of SoFi in exchange for their shares of Galileo common or preferred stock at an exchange ratio of 3.83 shares of Series H-1 preferred stock for each share of Galileo common or preferred stock, with cash paid in lieu of fractional shares. Additionally, Galileo stockholders received rights to payments due under a seller note and cash consideration. SoFi also contemporaneously converted outstanding options to acquire common stock of Galileo into corresponding options to acquire common stock of SoFi at an exchange ratio of one Galileo option to 3.83 Replacement Options.