MDC to Be Acquired by Japan’s Sekisui House for $4.9 Billion

Paul, Weiss is advising MDC Holdings, Inc., one of the U.S.’s leading homebuilders operating under the name Richmond American Homes, on its $4.9 billion all-cash acquisition by a wholly owned subsidiary of Japan-based homebuilder Sekisui House, Ltd. The transaction is expected to be completed in the first half of the year, subject to customary closing conditions and MDC stockholder and regulatory approvals.

The Paul, Weiss team is led by corporate partners Bob Schumer and Michael Vogel, and includes, among others, Luke Jennings, Jarryd Anderson, Tong Yu and Charles Pesant and counsel David Sobel and Nathan Mitchell; executive compensation partner Lawrence Witdorchic and counsel Sasha Belinkie; litigation partners Joshua Soven, Jaren Janghorbani and John Carlin and counsel Steven Herzog and Matthew Stachel; intellectual property partner Claudine Meredith-Goujon; tax partners Brian Krause and Sohail Itani; environmental counsel William O'Brien; and antitrust counsel Marta Kelly.