ATLANTA, GA--(Marketwire - March 2, 2010) - King & Spalding, a leading international law firm, advised Total System Services, Inc. (TSYS), an outsourced payment services company, in a joint venture agreement in which TSYS will purchase a 51 percent majority interest in First National Bank of Omaha's (FNBO) merchant acquiring business for $150.45 million.
FNBO is anticipated to contribute its merchant acquiring business through a series of structuring transactions to the newly formed Delaware limited liability company of First National Merchant Solutions, LLC (FNMS). FNBO and its affiliates will retain a 49 percent interest in FNMS Holding.
For more details, the TSYS press release can be found at: http://www.tsys.com/news/Releases/20100301newacq.cfm
The King & Spalding legal team advising in the transaction consisted of the following lawyers:
Corporate:
John J. Kelley III (partner, Atlanta)
Mark E. Thompson (partner, London and New York)
Bettina T. Drake (associate, Atlanta)
Spencer C. Johnson (associate, Atlanta)
Nathan L. Mihalik (associate, Atlanta)
Spencer A. Stockdale (associate, Atlanta)
Tax:
Donald P. Hensel (partner, Atlanta)
Employment and Benefits:
Susan Canter Reisner (partner, Atlanta)
Jan G. Marsh (consultant, Atlanta)
Intellectual Property:
Scott W. Petty (partner, Atlanta)
Real Estate:
Brent S. Gilfedder (associate, Atlanta)
Antitrust:
Jeffrey S. Spigel (partner, Washington)
About King & Spalding
Celebrating 125 years of service, King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Paris, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and, according to a Corporate Counsel survey in August 2009, ranks fifth in its total number of representations of those companies. For additional information, visit www.kslaw.com.
Contact Information:
Contact:
King & Spalding
Kimberly Brooks
+1 212 827 4378
kbrooks@kslaw.com