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Harland Clarke Holdings Announces Definitive Agreement to Sell Subsidiary to Davis + Henderson for $1.2 Billion
- Client News
- July 24, 2013
Paul, Weiss acted as counsel to MacAndrews & Forbes Holdings
Inc. and its indirect, wholly owned subsidiary, Harland Clarke
Holdings Corp., in the sale of its subsidiary, Harland Financial
Solutions (HFS), to Davis + Henderson Corporation for $1.2
billion.
HFS is a leading U.S-based provider of strategic technology,
including lending and compliance, core banking and channel
management technology solutions to U.S. banks, credit unions and
mortgage companies.
The Paul, Weiss team included corporate partner Robert
Schumer and counsel Ross Fieldston; finance partners Terry
Schimek and Robert Zochowski; tax partner
Jeffrey
Samuels; employee benefits counsel Reuven Falik; and intellectual property
counsel Menachem Kaplan.