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UCP Agrees to Business Combination With Century Communities
- Client News
- April 11, 2017
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, among others, corporate partners Jeffrey Marell, Thomas de la Bastide and Ross Fieldston; litigation partner Stephen Lamb; tax partner David Mayo; intellectual property partner Chuck Googe; real estate partner Peter Fisch; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.