New York, NY – Nextpoint successfully supported Kellogg, Huber, Hansen, Todd, Evans & Figel and Friedman Kaplan Seiler & Adelman LLP as counsel for Thomas H. Lee and Bain Capital in the acquisition of Clear Channel Communications. The litigation centered on a breach of contracts claim by the private equity firms against against banks, lead by Citigroup and Deutsche Bank, who had committed fund the acquisition. After a brief trial, both sides settled with the banks agreeing to fund the $22 billion merger.
Mark Hansen, partner at Kellogg, Huber, Hansen, Todd, Evans & Figel, said about the company, “Nextpoint is terrific and we look forward to many more projects with them in coming months and years.” Rebecca Beynon, also a partner at the same firm added, “We appreciate Nextpoint’s hard work, creativity, and professionalism, and we look forward to working with them on another case. It is great to have a firm that we trust to do an outstanding job.”
