Jernigan Capital Enters Into $900 Million Acquisition Agreement With NexPoint Advisors

King & Spalding advised Jernigan Capital, Inc. (NYSE: JCAP) on its entry into a definitive merger agreement with an affiliate of NexPoint Advisors, L.P., in an all-cash transaction valued at approximately $900 million.

The transaction is subject to customary closing conditions, including the approval of JCAP’s stockholders, who will vote on the transaction at a special meeting on a date to be announced. The transaction is expected to close in the fourth quarter of 2020.

More information on the deal can be found here.