Wildcat in Job Training Merger with Fedcap

June 8, 2011

Cleary Gottlieb represented longtime pro bono client Wildcat Service Corporation, an acclaimed social services agency that has provided job training to more than 250,000 ex-offender, ex-addict and other New Yorkers, in its merger with Fedcap, a 75-year-old nonprofit specializing in vocational training for the disabled. Cleary Gottlieb has represented Wildcat since 2005, providing more than $1.7 million of pro bono services. The merger was announced June 8 and is expected to close in July.

The merger reflects a nascent nonprofit consolidation trend, strongly encouraged by funders and academics. The combined entity will have annual revenues of $90 million and serve more than 9,000 jobless and underemployed clients annually.