Foley Represents 1st Global in its Sale to Blucora

On May 6, 2019, Blucora, Inc.’s (NASDAQ:BCOR) strategic acquisition of 1st Global, Inc. successfully closed. Blucora, a leading provider of tax-smart financial solutions, acquired the Dallas-based 1st Global, a tax-focused wealth management company with 850 independent advisors managing approximately $18 billion in total client assets and $9 billion in for-fee advisory assets, at a purchase price of $180 million.  Foley Gardere represented 1st Global throughout the sales process.  The Foley team was led by partners Christopher Converse and Kevin Chumney, and senior counsel Christopher Babcock, with associate Austin Poynter assisting.