The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of PlainsCapital Corporation in connection with Hilltop Holdings Inc.’s acquisition of PlainsCapital Corporation. Hilltop Holdings Inc. intends to finance the transaction with $318 million of cash and 27.5 million shares of Hilltop Holdings Inc. common stock.
Founded in 1987, PlainsCapital Corporation is a bank holding company and diversified financial services company headquartered in Dallas, Texas with more than $5.7 billion in assets, 3,400 employees and 330 locations in 40 states as of December 31, 2011. Hilltop Holdings Inc. is a holding company that is endeavoring to make acquisitions and effect a business combination.
The Simpson Thacher team includes Marni Lerner and Ariel Oxman (M&A).
