Legal and Financial Powerhouses on Both Sides
Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel to Barclays, led by partners Kim Spoerri and Matt Salerno, with senior attorney Isa Julson Barahona and associate Kate Ginsbern.
Simpson Thacher & Bartlett LLP is advising Best Egg, with partner Ravi Purushotham leading a team that includes associates Si Sun, Price Figurelli-Reid, Wells Hamilton, and Diobel Rodriguez.
On the financial side, Barclays Capital Inc. is acting as adviser to Barclays Bank Delaware, while Goldman Sachs & Co. LLC is advising Best Egg.
Best Egg’s Rapid Rise and Future Outlook
Best Egg has built a strong reputation for using technology to simplify personal borrowing. The company said it expects to arrange more than $7 billion in loans in 2025, continuing its growth trajectory in the U.S. financial technology space.
Paul Ricci, CEO of Best Egg, expressed enthusiasm about the acquisition:
“This partnership amplifies our ability to reach even more people through innovative lending solutions that truly make a difference.”
Barclays said it plans to retain Best Egg’s operational structure and leadership, ensuring continuity as it integrates the platform into its broader ecosystem. The move is expected to enhance Barclays’ access to U.S. customers seeking flexible financing options, while also providing a steady stream of fee-based income.
