Simpson Thacher Represents Cadence Bancorp, LLC in Acquisition of Encore Bancshares, Inc.
03.07.12
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The firm is representing Cadence Bancorp, LLC in its acquisition of Encore Bancshares, Inc. for $20.62 per share. The transaction was announced on March 6, 2012 and reflects a total value of approximately $250 million. Encore Bancshares, Inc. is a financial holding company headquartered in Houston, Texas, that provides banking, investment management, financial planning and insurance services to privately-owned businesses, professional firms, investors and affluent individuals. Cadence Bancorp, LLC is a bank holding company that was formed in 2010 to invest in community banks. Cadence Bancorp, LLC is also headquartered in Houston, Texas.
The Simpson Thacher team working on this deal includes: Lee Meyerson, Andrew Nightingale, Chelsea Freeman and David Pernas (M&A); Gary Mandel and Drew Purcell (Tax); Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); and Stacie McGinn (Financial Institutions).