Hazel’s Merger Agreements with Even and ONE

Wachtell, Lipton, Rosen and Katz represented Even in the transaction.

Hazel, the independent fintech launched in partnership with Walmart and fintech investment firm Ribbit Capital, has entered into definitive agreements to acquire fintech platforms Even, a leading financial benefits platform designed to provide financial resiliency and control to employees, and One Finance, a platform which partners with a bank to seamlessly combine saving, spending, sharing and borrowing into one account. The combined entity will operate under the brand name ONE.

The combined business, which will operate under the brand name ONE, will provide users with an all-in-one financial services app to holistically manage their finances in one place. The company’s products and services will be made available directly to consumers and through employers and merchants, including access to Walmart’s 1.6 million U.S. associates and 100 million-plus weekly shoppers.

The Wachtell Lipton’s team was led by Partner Matthew M. Guest (Picture) and Associate Meng Lu and included Nicholaus C. Mills, Associate (Corporate), Damian G. Didden, Partner, Lori S. Sherman, Associate (Antitrust), Michael J. Schobel, Partner, Dixing Tang, Associate (Executive Compensation and Benefits), and Joshua M. Holmes, Partner (Tax).

The Cooley team was led by Peter Werner (Picture) and Luke Blackett. Additional assistance was provided by Jamie Leigh, Blake Martell, Megan Browdie, Obrea Poindexter, David Wilson, Ross Eberly, Mark Windfeld-Hansen, Tom Epps, Sean Ruff, Kevin King, David Navetta, Peter Burns, Yulia Makarova, Rebecca Ross, Adam Fleisher, Daniel Eitutis, Will Lowery, Ajay Athavale, Genevieve Lim Urban, Michelle Zhou, David Dalton, Jake Busker, Caitlin Courtney, Clara Somee Choi, Megan Drill, Ehijele E. Olumese, Chelsea André, Grace Hunter, Jess Hutto-Schultz, Terry Kim, Neelam Atwal, Liz Paisner, Alex Mitrea, Joshua Elefant, Casey Warsh and Michael Coburn.

Involved fees earner: Chelsea André – Cooley LLP; Ajay Athavale – Cooley LLP; Neelam Atwal – Cooley LLP; Luke Blackett – Cooley LLP; Megan Browdie – Cooley LLP; Peter Burns – Cooley LLP; Jake Busker – Cooley LLP; Michael Coburn – Cooley LLP; Caitlin Courtney – Cooley LLP; David Dalton – Cooley LLP; Megan Drill – Cooley LLP; Ross Eberly – Cooley LLP; Daniel Eitutis – Cooley LLP; Joshua Elefant – Cooley LLP; Tom Epps – Cooley LLP; Adam Fleisher – Cooley LLP; Grace Hunter – Cooley LLP; Jess Hutto-Schultz – Cooley LLP; Terry Kim – Cooley LLP; Kevin King – Cooley LLP; Jamie Leigh – Cooley LLP; Will Lowery – Cooley LLP; Yulia Makarova – Cooley LLP; Blake Martell – Cooley LLP; Alex Mitrea – Cooley LLP; David Navetta – Cooley LLP; Ehijele Olumese – Cooley LLP; Liz Paisner – Cooley LLP; Obrea Poindexter – Cooley LLP; Rebecca Ross – Cooley LLP; Sean Ruff – Cooley LLP; Clara Somee Choi – Cooley LLP; Genevieve Lim Urban – Cooley LLP; Casey Warsh – Cooley LLP; Peter Werner – Cooley LLP; David Wilson – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP; Michelle Zhou – Cooley LLP; Damian Didden – Wachtell, Lipton, Rosen & Katz; Matthew Guest – Wachtell, Lipton, Rosen & Katz; Joshua Holmes – Wachtell, Lipton, Rosen & Katz; Meng Lu – Wachtell, Lipton, Rosen & Katz; Nicholaus Mills – Wachtell, Lipton, Rosen & Katz; Michael Schobel – Wachtell, Lipton, Rosen & Katz; Lori Sherman – Wachtell, Lipton, Rosen & Katz; Dixing Tang – Wachtell, Lipton, Rosen & Katz;

Law Firms: Cooley LLP; Wachtell, Lipton, Rosen & Katz;

Clients: Hazel; ONE Finance;