Kirkland Represents OnDeck on Sale to Enova

Kirkland advised OnDeck® (NYSE: ONDK), the proven leader in transparent and responsible online lending to small businesses, on its agreement to be acquired by Enova International (NYSE: ENVA), a leading provider of online financial services to non-prime consumers and small businesses, in a cash and stock transaction. The combination will create a leading online financial services company, bringing together two complementary, market-leading businesses with world-class capabilities in consumer and small business online lending. For the year ended December 31, 2019, on a pro forma basis including synergies, Enova and OnDeck had estimated combined gross revenue of $1.65 billion. The transaction is subject to customary closing conditions and is expected to be completed this year.  

Read the company press release from Enova International

The Kirkland team was led by transactional partners David Klein and Carlo Zenkner and associates Marc Holloway and Shachar Nir, executive compensation partners Michael Krasnovsky and Stephanie Jeane and associate Fishel Schreiber, capital markets partner Ross Leff, tax partners Dean Shulman and Adam Kool, and technology & IP transactions partners Seth Traxler and Shellie Freedman.