Nate Stulman

Nate Stulman joined Solomon Partners in March 2020 to lead and build the firm’s Financial Services & FinTech team. Nate is a leading investment banker in the consumer finance, credit card, and related sectors.

Nate previously served as a Managing Director at Moelis & Company and Greenhill & Co. He has approximately 20 years of experience advising established and emerging financial services, commerce, and technology companies, as well as financial sponsors and investors, on mergers & acquisitions, capital raising, strategic partnerships, and other transactions.

Selected recent M&A and other transactions include:

• A leading premium credit card program management company on its sale to a major global bank
• CURO on the sale of its Flexiti subsidiary to Questrade
• ECN Capital on its sale of Kessler Group to Stone Point Capital
• On the Barrelhead on its sale to NerdWallet
• CIBC on its acquisition of the Costco Canada credit card portfolio from Capital One
• Stoic Lane on a capital raise anchored by Oaktree in conjunction with the acquisition of Interfirst Mortgage
• GoodLeap on a forward flow agreement with a top 15 US bank holding company
• PayBright on its sale to Affirm
• Bakkt, a subsidiary of Intercontinental Exchange, on its merger into VPC Impact Acquisition Holdings

Nate is a leading investment banker in the North American credit card sector, including with respect to M&A, cobrand and private label program agreements and transactions, portfolio valuations, and other advisory engagements. Selected recent and historical engagements include:

• Saks Fifth Avenue on the movement of its credit card program to Bread Financial from Capital One
• A major US bank on the renegotiation of its credit card program with a major US airline
• BJ’s Wholesale Club on the movement of its credit card program to Capital One from Bread Financial
• CIBC on the acquisition of the Costco Canada credit card portfolio from Capital One
• Gap on the movement of its credit card program to Barclays and Mastercard from Synchrony and Visa
• Bank of America on the valuation of a credit card portfolio in connection with a sale to Bread Financial
• Mattress Firm on the renegotiation of its private label credit card program with Synchrony Financial
• Walmart on the movement of its credit card program to Capital One from Synchrony Financial
• L.L.Bean on the movement of its credit card program to Citi and Mastercard from Barclays and Visa
• TD Bank on the acquisitions of credit card portfolios from Nordstrom and Target
• Aimia on the sale of Aeroplan to Air Canada and the renegotiation of credit card partnerships among TD Bank, CIBC, Visa and American Express
• Dillard’s on the movement of its credit card program to Wells Fargo from GE Capital

In addition to credit cards, Nate has substantial experience in consumer banking, commerce enablement, consumer finance, loyalty, market infrastructure, marketing/acquisition, point of sale, and sales finance.