Baker McKenzie is representing Capital One Financial Corporation (NYSE: COF) on its agreement to acquire Brex, an AI native intelligent finance platform, in a cash and stock transaction valued at USD 5.15 billion. The Firm serves as international counsel, advising on foreign legal matters.
The transaction marks a significant step in Capital One’s strategy to expand its capabilities in business payments and AI native financial technologies. It is expected to close in mid 2026, subject to customary closing conditions and regulatory approvals.
The Baker McKenzie team advising Capital One is led by Maria Eberle (Tax Partner, New York), Federico Cuadra Del Carmen (Mergers & Acquisitions Partner, New York/Miami), Todd Beauchamp (Fintech & Payments Partner, Washington, DC), Charles Weinstein (Fintech & Payments Partner, Washington, DC), and Santiago Corcuera-Manzi (Mergers & Acquisitions Associate, New York), with assistance from European Financial Services Partners Mark Simpson (UK) and Tim Alferink (Netherlands).
With more than 2,700 deal practitioners in over 40 jurisdictions, Baker McKenzie is a transactional powerhouse, recognized for executing complex, cross-border deals across key sectors and markets. The Firm regularly advises financial institutions, Fintechs, and technology companies on market-defining transactions, bringing together multidisciplinary experience in M&A, tax, financial regulation, employment, data, and emerging technologies to support clients’ growth and innovation objectives.
The transaction marks a significant step in Capital One’s strategy to expand its capabilities in business payments and AI native financial technologies. It is expected to close in mid 2026, subject to customary closing conditions and regulatory approvals.
The Baker McKenzie team advising Capital One is led by Maria Eberle (Tax Partner, New York), Federico Cuadra Del Carmen (Mergers & Acquisitions Partner, New York/Miami), Todd Beauchamp (Fintech & Payments Partner, Washington, DC), Charles Weinstein (Fintech & Payments Partner, Washington, DC), and Santiago Corcuera-Manzi (Mergers & Acquisitions Associate, New York), with assistance from European Financial Services Partners Mark Simpson (UK) and Tim Alferink (Netherlands).
With more than 2,700 deal practitioners in over 40 jurisdictions, Baker McKenzie is a transactional powerhouse, recognized for executing complex, cross-border deals across key sectors and markets. The Firm regularly advises financial institutions, Fintechs, and technology companies on market-defining transactions, bringing together multidisciplinary experience in M&A, tax, financial regulation, employment, data, and emerging technologies to support clients’ growth and innovation objectives.
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