FT Partners Advises Ally on its Acquisition of BlueYield
Overview of Transaction
- On October 26, 2016, Ally Financial ("Ally") announced its acquisition of technology assets and expertise from BlueYield
- Ally (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products to consumers, businesses, automotive dealers and corporate clients
- BlueYield is a Southern California-based direct auto lending platform with unique technology that brings efficiency to the direct auto finance marketplace by creating an environment where lenders, lead sources, affinity groups and consumers can transact seamlessly
Significance of Transaction
- BlueYield's underlying infrastructure and direct auto lending platform will enhance Ally's capabilities and increase speed to market in new channels
- The combination of Ally's substantial resources and BlueYield's unique technology positions the Company extraordinarily well to further its leadership position in the auto finance marketplace
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Ally Financial in this transaction
- Transaction demonstrates FT Partners' continued success advising leading companies and generating highly successful outcomes across the FinTech space