Computershare’s $750 Million Acquisition of Wells Fargo’s U.S. Corporate Trust Business

Simpson Thacher and Herbert Smith Freehills represented Computershare and its U.S. affiliates in the transaction. Herbert Smith Freehills

Computershare and its U.S. affiliates closed their definitive agreement to acquire Wells Fargo Corporate Trust Services (CTS) for a purchase price of approximately $750 million. The transaction is expected to close in the second half of 2021, subject to regulatory approvals.

CTS provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries. It is annually ranked among the top service providers by deal count and dollars serviced.

Computershare, an Australian public listed company (ASX: CPU), is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. Computershare also specializes in corporate trust, bankruptcy, class actions and a range of other diversified financial and governance services.

The Simpson Thacher team included Lee Meyerson (Picture), Ravi Purushotham and Sung Jin (M&A); David Rubinsky, Eric Wolf and Garrick Ehlers (ECEB); Lori Lesser and Amber Harezlak (Intellectual Property); Jonathan Goldstein and Edward Grais (Tax); Keith Noreika, Adam Cohen and Spencer Sloan (Regulatory); Peter Guryan and Joshua Hazan (Antitrust); and John Schueller (Securitization).

The Herbert Smith Freehills team is led by partner Michael Ziegelaar, who is supported by senior associates Sam Kings, Andrew Earle and Jennifer Wong, and solicitors James Paolucci and Amy Pereira.

Involved fees earner: Andrew Earle – Herbert Smith Freehills; Sam Kings – Herbert Smith Freehills; James Paolucci – Herbert Smith Freehills; Jennifer Wong – Herbert Smith Freehills; Michael Ziegelaar – Herbert Smith Freehills; Adam Cohen – Simpson Thacher & Bartlett; Garrick Ehlers – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Joshua Hazan – Simpson Thacher & Bartlett; Sung Jin – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Lee Meyerson – Simpson Thacher & Bartlett; Keith Noreika – Simpson Thacher & Bartlett; Ravi Purushotham – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; John Schueller – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett;

Law Firms: Herbert Smith Freehills; Simpson Thacher & Bartlett;

Clients: Computershare;

Martina Bellini

Author: Martina Bellini