Three Acquisitions Totaling More Than $4.1 Billion In First Quarter

Press Release
May 2005

Miami, Florida, May 12,2005 Bilzin Sumberg's Corporate & Securities Group handled three acquisitions totaling more than $4.1 billion in the first quarter of 2005. These transactions are indicative of the types of sophisticated mergers and acquisitions that our lawyers are handling, said Alan D. Axelrod, Chair of the firm's Corporate & Securities Group.

Sale of Kislak National Bank to Banco Popular
John Sumberg, Alan Axelrod and Monalee Zarapkar represented Kislak Financial Corp. and its subsidiary Kislak National Bank in the $158 million acquisition by Puerto Rico-based Banco Popular (Nasdaq: BPOP). The transaction closed Jan. 3.

Sale of LNR Property Corporation to Cerberus Capital Management
Brian Bilzin and Alan Axelrod represented the principal shareholder and senior management of LNR Property Corporation, a real estate investment, finance and management company formerly traded on the NYSE, in the $3.8 billion acquisition by an entity of which 75 percent is owned by the private investment firm Cerberus Capital Management, L.P. The transaction closed Feb. 3.

Sale of Union Bank of Florida to Colonial BancGroup
Brian Bilzin, Richard Goldstein and Monalee Zarapkar represented Union Bank of Florida in its $233 million acquisition by Alabama-based Colonial BancGroup Inc. (NYSE: CNB). The purchase price consisted of approximately 75% cash and 25% stock in Colonial BancGroup. The transaction closed Feb. 10.

About Bilzin Sumberg 
Bilzin Sumberg is a commercial law firm based in Florida. The Firm’s core practices include Business Finance & Restructuring, Corporate, Environmental, International, Land Development & Government Relations, Litigation, Real Estate, and Tax. For more information, please visit bilzin.com.

Related Topics
RELATED PEOPLE
Alan D. Axelrod

Alan D. Axelrod

Partner
Brian L. Bilzin

Brian L. Bilzin

Founding Partner
Richard M. Goldstein

Richard M. Goldstein

Partner, Tax and Estate Planning Group Chair
YOU MIGHT ALSO LIKE
News September 12, 2018
Bilzin Sumberg's prominent international presence, commitment to the community, and involvement in Miami's revitalization and expansion have earned it a spot among Law360's Florida Powerhouses.
Speaking Engagement April 10, 2018
Robert M. Siegel moderates a panel at the IMN Real Estate Private Equity Forum on Land, Homebuilding, and Condo Development. Discussion topics include the differences between mezzanine debt and preferred equity and the characteristics that make a project a good fit for structured capital.
VIEW MORE