News & Events

Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to CapitalSource Inc. in connection with PacWest Bancorp’s announced acquisition of CapitalSource Inc. for $2.47 in cash and 0.2837 shares of PacWest common stock per share, or approximately $2.3 billion. 

CapitalSource Inc. (NYSE:CSE), through its subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in retail branches in southern and central California, and had total assets of $8.7 billion and total deposits of $5.9 billion as of June 30, 2013. PacWest Bancorp (Nasdaq:PACW), through its subsidiary Pacific Western Bank, provides commercial banking services to small and medium-sized businesses and had total assets of $6.7 billion and total deposits of $5.7 billion as of June 30, 2013.

The Simpson Thacher team includes Maripat Alpuche and Jakob Rendtorff (M&A).