Fenwick Represents Redfin in Pending $1.75 Billion Acquisition by Rocket Companies

Fenwick represented Redfin (NASDAQ: RDFN), a leading digital real estate brokerage, in its pending $1.75 billion acquisition by Rocket Companies (NYSE: RKT), the Detroit-based fintech platform consisting of mortgage, real estate, and personal finance businesses.

Under the terms of the agreement, Rocket Companies will acquire the outstanding shares of Redfin stock for $12.50 per share in an all-stock transaction. The acquisition will expand Rocket Companies’ real estate capabilities and enhance its comprehensive platform for homebuyers and homeowners across the United States. More information can be found in Redfin’s official announcement.

Fenwick has served as outside counsel to Redfin since 2008, with corporate group chair Alan Smith leading the representation. Over that time, the firm has advised Redfin on milestone matters, including financings, its IPO and ongoing public company matters.

The Fenwick transaction team included corporate partners Alan Smith, David Michaels, Chris Gorman, Katherine Duncan, and Chelsea Anderson, associates Zoe Zhang, Leeza Soulina, Brandon Ho, Sam Lim, Jing Liu, Lindsey Macalalad, Bowen Xue, Kale Olmstead, and law clerk Alex Hall; technology transactions partner David Hayes, and associates Julia Arruda, Ali Kongats, Taylor Muentener, and Sam Dodson; executive compensation partner Liz Gartland and associates Cynthia Yuan and Melita Chan; tax partner William Skinner and associate Aaron Liskov; antitrust partners Tom Ensign and Mark Ostrau and counsel Meredith Mommers; and privacy associate Kayla Tanaka.