© 2014 The Texas Lawbook.
By Mark Curriden, JD
Senior Writer for The Texas Lawbook
(April 2) – Dallas-based Lone Star Funds announced Wednesday that it is acquiring DFC Global Corp. for $1.3 billion.
Lone Star, a private equity firm that manages $45 billion in real estate, equity, credit and other financial assets, will pay $9.50 in cash for each share of DFC Global stock and will assume the Pennsylvania firm’s debt.
DFC Global is an international financial services company that provides unsecured short-term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards to consumers who do not use banks.
Dallas lawyer Jeffrey Chapman, the co-chair of Gibson, Dunn & Crutcher’s M&A practice, advised Lone Star in the complex transaction. Chapman has represented Lone Star in other matters, including the private equity firm’s $700 million acquisition of gypsum manufacturing assets from cement maker Lafarge last June.
Other Gibson Dunn lawyers from Texas representing Lone Star in the deal include corporate associates Caitlin Calloway and Jeff Henderson. Gibson Dunn tax law partner David Sinak also played a significant role.
Kyle Volluz, a Dallas lawyer who serves as vice president and director for Hudson Advisors, also played a key role in the transaction. Hudson Advisors is Lone Star’s asset management company.
Houlihan Lokey Capital is acting as financial advisor and Pepper Hamilton is acting as legal advisor for DFC Global.
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