Macfarlanes advises Capital One on its acquisition of Velocity Black

06 June 2023

Macfarlanes has advised Capital One Financial Corporation (NYSE:COF), a Fortune 500 financial holding company, on its acquisition of Velocity Black, a leading digital concierge company that delivers travel, entertainment, shopping and dining offerings to consumers globally.

The acquisition brings together two companies focused on finding new ways to solve common consumer pain points. Velocity Black’s innovative technology will bolster Capital One’s delivery of exceptional experiences for consumers.

Velocity Black was founded in 2014 by Zia Yusuf and Alex Macdonald, and ranked 32nd in the Financial Times Fastest Growing Companies list.

The Macfarlanes team was led by corporate and M&A partner Tom Rose. The team also included corporate and M&A senior associate Annie McElwain and associates Laura Hatfield and Helen Connolly. Tax and reward expertise was provided by partners Jeremy Moncrieff and Rasmus Berglund, and associates Rebecca Rose, Sam Wilson and Tom Ingham. Employment advice was provided by senior associate Chris Boyle, commercial advice by senior associate Martha Campbell and associate Cliodhna Ni Ghadra, and financing advice by partner Kirstie Hutchinson and senior associate Pinar Celebi.

Macfarlanes worked closely on the transaction with Wachtell, Lipton, Rosen & Katz, who acted as US counsel to Capital One.