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Harland Clarke Holdings Announces Definitive Agreement to Sell Subsidiary to Davis + Henderson for $1.2 Billion

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.

July 24, 2013

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