Simpson Thacher Represents JPMorgan as Financial Advisor to Standard Pacific in Its Merger of Equals with Ryland
06.15.15
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The Firm represented J.P. Morgan Securities LLC as financial advisor to Standard Pacific Corp. (NYSE: SPF) in connection with its announced merger of equals with The Ryland Group Inc. (NYSE: RYL). The proposed merger of home-builders would create a single company that would have an equity market capitalization of approximately $5.2 billion, an enterprise value of approximately $8.2 billion, and would own or control approximately 74,000 homesites.
The combined companies would together be the fourth-largest home-building company, offering homes, from entry-level to luxury, in 41 markets across 17 states.
The Simpson Thacher team included Rob Spatt and Kalliope Kefallinos (M&A).