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This blog is a service of Alston & Bird's Corporate Transactions and Securities practice and focuses on current issues and events relating to merger and acquisition activity in the U.S. and around the world. Our lawyers are experienced with a wide range of domestic and international business, regulatory and litigation issues in this arena.

Alston & Bird Advises Client Ebix in $820 Million Transaction

Alston & Bird served as legal counsel to the Special Committee of the Board of Directors of Ebix, Inc., a leading international supplier of on-demand software and E-commerce services to the insurance industry, in a definitive merger agreement to be acquired by an affiliate of Goldman, Sachs & Co. in an $820 million transaction, where Ebix shareholders will receive $20 per share in cash.

“With our market-leading servicing platforms and talented team of insurance and technology professionals, Ebix will be well-positioned as a private company to continue to execute on our strategic initiatives and pursue growth opportunities around the world,” said chairman and chief executive officer Robin Raina in a press release.

The Alston & Bird team was led by Justin Howard, co-head of the firm’s Mergers & Acquisitions Group, as well as Scott Ortwein, co-head of the firm’s Corporate Transactions & Securities Group. Also assisting were Dave Brown, Kyle Healy and Sarah Hess for corporate/M&A issues; Richard Grice for leveraged finance issues; and John Shannon and Blake Mackay for employee benefits and executive compensation issues.

Read the full press release from Ebix.

Written by Justin Howard, Partner, Mergers & Acquisitions Group | Alston & Bird LLP

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Government Investigation Advisory: How Hedge Funds and Private Equity Firms Can Manage Foreign Corrupt Practices Act Risks

April 26, 2013 | Posted by Edward Kang | Topic(s): Hedge Funds, Private Equity, Financial Services Industry

Foreign Corrupt Practices Act (FCPA) enforcement is becoming stricter and is rapidly expanding into a number of areas; banking and finance being highlighted as particular regions of focus for potential investigations. There are steps that can be taken to avoid monetary penalties and a damaged reputation. Learn about the pitfalls that hedge fund and private equity managers can encounter and how to effectively prevent the risks of a potential violation.

The advisory is provided in PDF on the Alston & Bird website: www.alston.com/advisories/hedge-fund-FCPA

Written by Edward Kang, Partner, and Brian Frey, Senior Associate, Litigation & Trial Practice | Alston & Bird LLP  

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Mergers & Acquisitions/Antitrust Advisory - FTC Revises Thresholds for HSR Filings and Interlocking Directorates

February 21, 2013 | Posted by Adam Biegel | Topic(s): Advisories

This advisory discusses the Federal Trade Commission’s (FTC) annual adjustment of the jurisdictional thresholds for pre-merger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) and for interlocking directorates under Section 8 of the Clayton Act. The revisions account for changes in the level of the U.S. gross national product and constitute an increase of approximately four percent.

The advisory is provided in PDF on the Alston & Bird website: www.alston.com/advisories/mergers-antitrust-ftc-revises-thresholds

Written by Adam Biegel, Partner and Ankith Kamaraju, Associate | Alston & Bird LLP 

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