Morrison Foerster is advising Japanese homebuilder Sekisui House on its $4.9 billion acquisition of Denver-based MDC Holdings, which was represented by Paul, Weiss, Rifkind, Wharton & Garrison and Brownstein Hyatt Farber Schreck.
With this acquisition, Sekisui will become the fifth-biggest homebuilder in the U.S. by doubling its presence to 16 states, Reuters reported. This is expected to quicken the achievement of its goal of delivering 10,000 homes annually in overseas markets by 2025, Sekisui's chief executive Yoshihiro Nakai was quoted as saying.
The MoFo team was led by partners Randy Laxer, Joe Sulzbach, Joshua Isenberg, Eric Min, Yemi Tépé, Yuhki Asano and Nozomi Oda.
The Paul, Weiss team was helmed by partners Bob Schumer and Michael Vogel, and included Luke Jennings, Jarryd Anderson, Caith Kushner, Tong Yu and Charles Pesant. Partners Lawrence Witdorchic, Joshua Soven, Jaren Janghorbani, John Carlin, Claudine Meredith-Goujon, Brian Krause and Sohail Itani were also involved.
