Legal DealFolio - Hilltop Holdings Purchase of SWS Group

Davis Polk is advising the special committee of the board of directors of SWS Group, Inc. in connection with its acquisition by Hilltop Holdings Inc. for per share consideration of 0.2496 shares of Hilltop common stock and USD1.94 of cash. The transaction, which is expected to close before the end of 2014, is subject to customary closing conditions, including regulatory approvals and approval of the shareholders of SWS. SWS Group is a Dallas, Texas-based holding company offering a broad range of investment and financial services through its subsidiaries. Hilltop is a Dallas, Texas-based diversified financial holding company specializing in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. The Davis Polk corporate team includes partners George R. Bason Jr., William L. Taylor and H. Oliver Smith, associate Michael Crowley and law clerk Daniel Brass. Partner Antonio J. Perez-Marques and associate George D. Turner are providing litigation advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Partner Kathleen L. Ferrell is providing tax advice. All members of the Davis Polk team are based in the New York office.

Deal Date:	01-04-2014	Practice Area:	Corporate and M&A
Deal Title:	Hilltop Holdings Purchase of SWS Group	Industry:	Financial Services
Description:	Davis Polk is advising the special committee of the board of directors of SWS Group, Inc. in connection with its acquisition by Hilltop Holdings Inc. for per share consideration of 0.2496 shares of Hilltop common stock and USD1.94 of cash. The transaction, which is expected to close before the end of 2014, is subject to customary closing conditions, including regulatory approvals and approval of the shareholders of SWS. SWS Group is a Dallas, Texas-based holding company offering a broad range of investment and financial services through its subsidiaries. Hilltop is a Dallas, Texas-based diversified financial holding company specializing in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. The Davis Polk corporate team includes partners George R. Bason Jr., William L. Taylor and H. Oliver Smith, associate Michael Crowley and law clerk Daniel Brass. Partner Antonio J. Perez-Marques and associate George D. Turner are providing litigation advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Partner Kathleen L. Ferrell is providing tax advice. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	500.01-1000.00
Advised Party:	Target Company	Law Firm	Davis Polk
Target Company Jurisdiction	United States	Acquiror Jurisdiction	United States
Classification:	Financial Buyer Acquisitions Primary Buy-Out	Lawyer	George R Bason Jr

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers