Dallas

Alston & Bird represented Texas-based Industry Bancshares and its six subsidiary banks in their acquisition by Cadence Bank, a Mississippi-based financial services company. Under the agreement, Cadence Bank will pay between $20 million and $60 million in cash for Industry Bancshares’ outstanding common stock.

Alston & Bird advised GoldState Music, a leading music rights investment platform, on raising $500 million in strategic capital, including a structured capital facility co-led by private equity firms Northleaf Capital Partners and Ares Management. Based in Florida, GoldState Music invests in music rights, emerging music technology, and enterprises in need of growth and expansion capital. This transaction underscores the ability of the Alston & Bird’s Investment Funds Group to provide proactive, holistic, and cutting-edge investment management expertise, ensuring clients like GoldState Music are well positioned in the ever-evolving marketplace.

Alston & Bird represented T-Mobile and Ericsson against Plaintiff General Access, who sought $253M for alleged infringement of two patents directed to base station equipment in T-Mobile’s network. On April 11, an Eastern District of Texas jury issued a complete defense verdict finding no infringement of either patent and awarding no damages.

Alston & Bird represented FB Financial Corporation, the Tennessee-headquartered parent company of FirstBank, in its $381 million acquisition of Alabama-headquartered Southern States Bancshares Inc., the parent company of Southern States Bank.

Alston & Bird has been honored among the top 40 of Fortune magazine’s annual survey of America’s “100 Best Companies to Work For,” the only law firm that has earned this national recognition for 26 consecutive years.