Mayer Brown, a leading global law firm, announced today that it is representing Minneapolis-based Värde Partners, Inc., a leading alternative investment fund manager, on the approximately $225 million acquisition of FirstCity Financial Corporation by certain funds managed by Värde. FirstCity is a diversified financial services company with operations dedicated primarily to distressed asset acquisitions and special situations investments.

The Mayer Brown team includes: Corporate & Securities – partners Phil Niehoff and Andrew Noreuil (both Chicago); Tax Transactions & Consulting – partner Jim Barry (Chicago); Employment & Benefits – partners Debbie Hoffman and Jim Williams (Chicago); and Antitrust & Competition – partner Scott Perlman (Washington, DC).