UCP’s $1.3 Billion Merger withCentury Communities

Paul, Weiss is representing real estate developer UCP, Inc., a subsidiary of PICO Holdings, Inc., in its stock and cash merger with homebuilder Century Communities, Inc.

The agreement, announced on April 11, has been approved by the boards of directors of both companies. The merger, which is expected to close by the end of the third quarter of 2017, will create a company with an enterprise value of more than $1.3 billion.

The Paul, Weiss team included corporate partners Jeffrey Marell (Picture), Thomas de la Bastide and Ross Fieldston; litigation partner Stephen Lamb; tax partner David Mayo; employee benefits partner Andrew Gaines; intellectual property partner Chuck Googe; real estate partner Peter Fisch; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.

 

Involved fees earner: Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Ross Fieldston – Paul Weiss Rifkind Wharton & Garrison; Stephen Lamb – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: UCP Inc.;

 

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Author: Ambrogio Visconti