Dechert Advises LF Capital in Merger with Landsea Homes
Dechert is advising LF Capital Acquisition Corp. in its definitive merger agreement with Landsea Homes Incorporated. The transaction, announced August 31, is valued at $510 million. The boards of directors of both LF Capital and Landsea Homes have unanimously approved the proposed transaction and it is expected to close in the fourth quarter of 2020, subject to regulatory and stockholder approvals, and other customary closing conditions.
LF Capital Acquisition Corp. is a blank check company that was formed in 2018 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
The Dechert corporate team includes partners Martin Nussbaum and Christian Matarese, and associates Curtis Weber, Kenneth Winterbottom, Kaitlin Cannavo, Eddie Iqbal and Gurbir Sandhu. Partner Joshua Milgrim is advising on tax, partner Thomas Rayski is advising on IP, partner Howard Klein is advising on Employee Benefits, and special counsel Francois Quintard-Morenas is advising on real estate.
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Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.