Dallas-based Lone Star Funds, a private equity firm, turned to Gibson, Dunn & Crutcher for its pending acquisition of financial services company DFC Global Corp. in a transaction valued at about $1.3 billion.

Pepper Hamilton represents DFC Global, which is based in Berwyn, Pa.

On April 2, DFC Global announced that it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds for $1.3 billion, including assumption of net debt.

The agreement calls for the Lone Star affiliate to pay DFC shareholders $9.50 in cash for each share of DFC Global’s common stock they own. The agreement, which DFC Global’s board of directors approved unanimously, is subject to customary closing conditions and approval from a majority of DFC Global shareholders. It is expected to close during the third quarter of the year.

Mark Prior, DFC Global senior vice president, general counsel and secretary, is working on the transaction, with assistance from in-house lawyer Kathryn Pytlewski.

The Pepper Hamilton team includes corporate partners Barry Abelson, Brian Katz and Scott Jones and associates Joseph Kadlec and David Skinner, all of Philadelphia; competition partner Barbara Sicalides of Philadelphia; regulatory partner Rick Eckman of Wilmington; and tax partner Joan Arnold and benefits partner Michael Crumbock, both of Philadelphia.

The Gibson Dunn team—led by Dallas partner Jeffrey Chapman, a cochair of the firmwide mergers and acquisitions practice group—includes corporate associates Evan D’Amico of New York and Caitlin Calloway and Jeff Henderson, both of Dallas.

Others from Gibson Dunn include regulatory partner Arthur Long of New York; finance partner and cochair of the firm’s global finance practice group Joerg Esdorn and finance associates Fred David and Ayesha Chatterjee, all of New York; benefits partner Sean Feller and associate Allison Balick, both of Los Angeles; tax partner David Sinak of Dallas; intellectual property associates Douglas Barnes and Daniel Angel, both of New York; and antitrust counsel Andrew Cline and partner Josh Soven, both of Washington, D.C.