Centerbridge Partners and Bridgeport Partners' $1.6 Billion Acquisition of Computer Services – Global Legal Chronicle
Raymond James & Associates, Inc. and Moelis & Company LLC acted as co-financial advisors to CSI, and Nelson Mullins Riley & Scarborough LLP as its legal counsel. Goldman Sachs & Co. LLC and Jefferies LLC acted as financial advisors to Centerbridge and Bridgeport. Kirkland & Ellis LLP served as legal counsel to Centerbridge. Aviditi Financial, LLC acted as a capital markets advisor to Bridgeport. Weil, Gotshal and Manges LLP acted as legal counsel to Bridgeport.
Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, announced has entered into a definitive agreement to be acquired by Centerbridge Partners, L.P. (Centerbridge), a global, multi-strategy private investment firm with deep experience investing in financial services and technology, and Bridgeport Partners (Bridgeport), a private investment firm with a long-term, value-oriented approach, in an all-cash transaction valued at approximately $1.6 billion, or $58.00 per share.
Under the terms of the agreement, CSI shareholders will receive $58.00 per share in cash upon the closing of the transaction, which is expected to occur in the fourth quarter of calendar year 2022, subject to customary closing conditions, including CSI shareholder approval and regulatory review.
In working with Centerbridge and Bridgeport, CSI plans to carry on its tradition of excellence and continue to invest in its product roadmap to bring more solutions to market faster.
CSI delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, print and electronic document distribution, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic.
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—private equity, private credit and real estate—in an effort to develop the most attractive opportunities for our investors.
Bridgeport Partners is a private investment firm with a long-term, value-oriented approach to investing.
The Nelson Mullins’ team was led by Atlanta partners Jeff Allred (Picture) and Brennan Ryan and Greenville, S.C. partner John Jennings. Other Nelson Mullins team members providing support were Brian Galison, Rebekah McCorvey, Ricky Davis, Chip Gray, Sydney Hamer, Adam McCoy, and Anish Patel (corporate), Allie Nagy and Brittany McIntosh (securities), Ann Murray, Deborah Hembree, and Matt Zischke (benefits), Denise Gunter and Carrie Hanger (antitrust), Jim Bartling and Kelsie Willett (credit), Daniel Lumm (technology), Brad Rustin, Liz Donaldson and Wesley Althoff (financial regulatory), John Heitmann, Steve Augustino, and Debra Mercer (telecommunications), Jim Holmes and Jonathan Anderson (real estate), Michelle Johnson and Amy Cheng (labor and employment), Lloyd Farr (intellectual property), Gina Greenwood (privacy), and Wells Hall (tax).
Involved fees earner: Jeffrey Allred – Nelson Mullins Riley & Scarborough LLP; Wesley Althoff – Nelson Mullins Riley & Scarborough LLP; Jon Anderson – Nelson Mullins Riley & Scarborough LLP; Steven Augustino – Nelson Mullins Riley & Scarborough LLP; James Bartling – Nelson Mullins Riley & Scarborough LLP; Amy Cheng – Nelson Mullins Riley & Scarborough LLP; Richard Davis Jr – Nelson Mullins Riley & Scarborough LLP; Elizabeth Donaldson – Nelson Mullins Riley & Scarborough LLP; Lloyd Farr – Nelson Mullins Riley & Scarborough LLP; Brian Galison – Nelson Mullins Riley & Scarborough LLP; Chip Gray – Nelson Mullins Riley & Scarborough LLP; Gina Greenwood – Nelson Mullins Riley & Scarborough LLP; Denise Gunter – Nelson Mullins Riley & Scarborough LLP; Wells Hall III – Nelson Mullins Riley & Scarborough LLP; Sydney Hamer – Nelson Mullins Riley & Scarborough LLP; Carrie Hanger – Nelson Mullins Riley & Scarborough LLP; John Heitmann – Nelson Mullins Riley & Scarborough LLP; Deborah Hembree – Nelson Mullins Riley & Scarborough LLP; James Holmes Jr. – Nelson Mullins Riley & Scarborough LLP; John Jennings – Nelson Mullins Riley & Scarborough LLP; Michelle Johnson – Nelson Mullins Riley & Scarborough LLP; Daniel Lumm – Nelson Mullins Riley & Scarborough LLP; Rebekah McCorvey – Nelson Mullins Riley & Scarborough LLP; Adam McCoy – Nelson Mullins Riley & Scarborough LLP; Debra McGuire Mercer – Nelson Mullins Riley & Scarborough LLP; Brittany McIntosh – Nelson Mullins Riley & Scarborough LLP; Ann Murray – Nelson Mullins Riley & Scarborough LLP; Aileen Nagy – Nelson Mullins Riley & Scarborough LLP; Anish Patel – Nelson Mullins Riley & Scarborough LLP; Dowse Bradwell Rustin IV – Nelson Mullins Riley & Scarborough LLP; Brennan Ryan – Nelson Mullins Riley & Scarborough LLP; Kelsie Willett – Nelson Mullins Riley & Scarborough LLP; Matthew Zischke – Nelson Mullins Riley & Scarborough LLP;
Law Firms: Nelson Mullins Riley & Scarborough LLP;
Clients: Computer Services, Inc.;
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