Fifth Third Bancorp’s Acquisition of Dividend Finance

Dentons represented Dividend Finance in the transaction.

Dividend Finance, a leading fintech point-of-sale (POS) lender, executed its acquisition by Fifth Third Bancorp. As a result of this acquisition and Fifth Third’s existing leadership position in providing renewable solutions to commercial clients, Fifth Third is actively assessing a new sustainable financing target. The transaction is expected to close in the second quarter of 2022.

Dividend Finance, one of the top national solar lenders, was founded in 2013 with a vision of creating a more efficient and sustainable world by enabling more investment and renewable energy. Their POS technology platforms enable contractors and homeowners to easily access financing for solar and home improvement projects.

Fifth Third is focused on three environmental sustainability strategies: reducing the Bank’s environmental footprint, managing climate-related risks and supporting our customers and communities in the transition to a more sustainable future.

The Dentons team included Venture Technology and Emerging Growth Companies partners Christopher Errico (New York Meatpacking; Picture) and Ilan Katz (New York).

Involved fees earner: Christopher Errico – Dentons; Ilan Katz – Dentons;

Law Firms: Dentons;

Clients: Dividend Finance;