Simpson Thacher Represents Lightyear Capital in Investment in Cascade Bancorp
11.03.09
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Simpson Thacher is representing Lightyear Capital LLC in its announced agreement to purchase $40 million of shares of common stock from Cascade Bancorp. The investment is subject to customary and other closing conditions, including bank regulatory approvals and the completion of a concurrent private placement and public offering of shares of common stock. Cascade Bancorp, headquartered in Bend, Oregon, is the parent company of Bank of the Cascades, which has 32 branches operating throughout the Pacific Northwest.
The Simpson Thacher team includes: Caroline Gottschalk, Jacob Kleinman, Jeremy Saks, Adam Booken and Ravi Agarwal (M&A); Gary Rice and Daniel Kwon (Bank Regulatory); Gary Mandel, Jonathan Goldstein and Danny Salinas (Tax); and Jeanne Annarumma and Samantha Shipp (Executive Compensation and Employee Benefits). Paralegal Manuel Fermin provided valuable assistance.