Simpson Thacher is representing EQT and its portfolio company, EdgeConneX, in connection with a substantial minority investment in EdgeConneX by Sixth Street, a global investment firm with over $80 billion in assets under management and committed capital. EQT Infrastructure will remain the largest shareholder following the closing of the transaction. The transaction is expected to close in Q4 2024 and is subject to customary closing conditions. EdgeConneX is a leading global provider of data center capacity focused on energy-efficient and sustainable designs optimized for AI and large-scale cloud deployments. The Simpson Thacher team included Anthony King, Fred de Albuquerque, Eli Hunt, Sherry Shen, Isabella Correa, Luca Tomasi, Jordon Pollard, Saakna Batbayar and Abby Kieker (M&A); Geoffrey Bailhache, Edward Wilson and Tory Hansen (UK Corporate); David Rubinsky, Gary Tashjian, Joshua Stephens and Sara Mazurek (Executive Compensation and Employee Benefits); Jonathan Goldstein and Bill Smolinski (Tax); Lori Lesser, Nicholas Westbrook, Bobbie Burrows, Celeste Fleetwood, Luqman Meedin and Camilla Gelson-Thomas (Intellectual Property); Sara Razi, Daniel Owsley and Max Fischer-Zernin (Antitrust); Malcolm Tuesley, Michael Kalinin, Thomas Lopez, Samantha Sergent and Ryan Thomas (FDI); Abram Ellis and David Caldwell (Regulatory); Krista McManus and Daniel Knapp (Real Estate); Timothy Mulvihill (Environmental); and Robert Lee and Vandana Harris (Funds).
About us
Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,300 lawyers. Headquartered in New York with offices in Beijing, Boston, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe. This website contains attorney advertising. Prior results do not guarantee a similar outcome.
- Website
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http://www.simpsonthacher.com
External link for Simpson Thacher & Bartlett LLP
- Industry
- Law Practice
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
- Type
- Partnership
- Founded
- 1884
Locations
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Primary
425 Lexington Avenue
New York, NY 10017, US
Employees at Simpson Thacher & Bartlett LLP
Updates
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Simpson Thacher’s London Office recently hosted a half-day “Inclusion Conference” in support of National Inclusion Week in the U.K. The event featured thought-provoking discussions on key diversity and inclusion topics, including authenticity at work, overcoming unconscious bias and strategies for retaining underrepresented talent. Simpson Thacher attorneys participated in this program and Jason Glover, Managing Partner of the Firm’s London office, gave opening remarks. Read more: https://lnkd.in/ej_qePH9
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Simpson Thacher is representing funds managed by affiliates of Blackstone Inc. in connection with its announced acquisition, together with funds managed by Vista Equity Partners, of Smartsheet, Inc. in an all-cash transaction valued at approximately $8.4 billion. Under the terms of the agreement, Blackstone and Vista Equity Partners would acquire all the outstanding shares held by Smartsheet shareholders for $56.50 per share in cash upon the closing of the proposed transaction. The transaction is currently expected to close in the fourth quarter of Smartsheet’s fiscal year ending January 31, 2025, subject to the approval of Smartsheet’s shareholders, the satisfaction of required regulatory clearances and other customary closing conditions. Blackstone will invest in Smartsheet through its flagship private equity vehicle and its private equity strategy for individual investors. Smartsheet is a modern enterprise work management platform trusted by millions of people at companies across the globe, including approximately 85% of the 2024 Fortune 500 companies. The Simpson Thacher team includes Anthony Vernace, William Allen, Felicity Bell and Michel Stuebi (M&A); Greg Grogan and Hannah Daniels (Executive Compensation and Employee Benefits); Sophie Staples, Matthew Lester and Sean Largey (Tax); Lori Lesser, Dewey Kang and Chandler Gerard-Reimer (Intellectual Property); Peter Guryan and Richard Jamgochian (Antitrust); Brian Gluck and Adam Moss (Credit); and Krista McManus and Dennis Loiacono (Real Estate).
Blackstone and Vista Equity Partners to Acquire Smartsheet for $8.4 Billion
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The Firm is representing Blackstone Real Estate in connection with its proposed sale of G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, to OYO, for $525 million. The transaction is expected to close in the fourth quarter of 2024, subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions. G6 Hospitality is a leading economy lodging franchisor with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. OYO is a global platform empowering entrepreneurs and small businesses with hotels and homes by bringing easy-to-book, affordable and trusted accommodation to customers around the world. Since its launch in the region in 2019, OYO has steadily expanded its footprint in the United States, currently operating over 320 hotels across 35 states. The Simpson Thacher team includes Anthony King, Quinn Cronan, Michael Chen, Haley O'Connor and Aydin Benoit-Savci (M&A); Krista Miniutti (Real Estate); Brian Gluck and Dennis Durkin (Credit); Nancy Mehlman, Eli Shalam and Michael Leitner (Tax); Jeannine McSweeney and Joshua Stephens (Executive Compensation and Employee Benefits); Peter Guryan, Richard Jamgochian and Maxime Fischer-Zernin (Antitrust); Lori Lesser and Bobbie Burrows (Intellectual Property); David Caldwell (Anti-Corruption); Steven DeLott (Insurance); Michael Isby (Environmental); and Mark Skerry (CFIUS).
Blackstone to Sell Motel 6 to OYO
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Partners Abram Ellis and David Blass, and Associate Christine Tillema, authored a Law360 article titled, “7 Takeaways For Investment Advisers From FinCEN AML Rule,” which explored FinCEN’s long-awaited final rule that will define most SEC-registered investment advisers and exempt reporting advisers as “financial institutions” for purposes of certain anti-money laundering laws and regulations under the Bank Secrecy Act. Read more: https://lnkd.in/ekxSqMtv
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Simpson Thacher is representing Finance of America Companies, Inc. and its subsidiaries (the “Company”), in connection with a comprehensive exchange offer and consent solicitation (“Exchange Offer”) of the Company’s existing $350 million of Senior Notes due 2025 (the “2025 Unsecured Notes”). On September 17, 2024, the Company launched the Exchange Offer offering holders of the 2025 Unsecured Notes to exchange their notes for (i) up to $200 million aggregate principal amount of Senior Secured Notes due 2026, and (ii) up to $150 million aggregate principal amount of Senior Secured Exchangeable Notes due 2029. The transaction is supported by more than 94% of the holders of the 2025 Unsecured Notes, including a group of initial consenting noteholders who are party to a transaction support agreement with the Company. Finance of America is a modern retirement solutions platform that provides customers with access to an innovative range of retirement offerings centered on the home. In addition, Finance of America offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. The Simpson Thacher team is led by Marisa Stavenas, Sunny Singh, Will Golden and Roxane Reardon, and includes Soogy Lee, Catherine Ciriello, Phil DiDonato and Zachary Weiner (Special Situations); Matt Hart, Joann Kim, Albert Murzakhanov, Julie De Keukeleire and Zach Guttman (Capital Markets); Arielle Katzman, (PCAP); and Jonathan Goldstein, Sophie Staples and Kris Liu (Tax).
Finance of America Announces an Exchange Offer and Consent Solicitation for its 2025 Unsecured Notes
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Simpson Thacher represented Intermediate Capital Group (“ICG”) in the establishment of ICG North American Credit Partners Fund III (“NACP III”). ICG has announced that NACP III raised $1.9 billion in capital commitments, representing a 50% increase in client capital compared to the predecessor fund, which Simpson Thacher also advised ICG on. NACP III is expected to focus primarily on providing private debt financing to private equity-sponsored middle-market companies and independent corporate borrowers in North America, typically investing in businesses with $25 million to $250 million of EBITDA. The Simpson Thacher team included Olga Gutman, Rony Rothken, Mia Pisk, Katie Lunt, Kelly Adams, Anna-Carolina Zwinge, Nikaury Payano, Cullen Bryant, Rebecca Carroll and Louise Choi (Funds); Nancy Mehlman, Jodi Schneider and Michael Slomovics (Tax); Erica Rozow and Jeanne Annarumma (ERISA); and Mary Touchstone and Jessica Paletsky (Fund Finance).
ICG North American Credit Partners Fund III Raises $1.9 Billion
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Simpson Thacher was named the 2024 “Private Equity Team of the Year” by Legal Business at its 27th Annual Legal Business Awards in London. Additionally, Jason Glover, Managing Partner of the Firm’s London office, was recognized as the Highly Commended finalist in the “Management Partner of the Year” category, which recognizes a managing partner, senior partner, head of chambers, chief executive or chief operating officer who has led the way for their business over the past year. Read more: https://lnkd.in/ewqJ4ykF
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Simpson Thacher represented funds advised by H.I.G. Capital LLC in its capacity as majority equity holder of Mobileum Inc. in Mobileum’s recently completed Chapter 11 bankruptcy cases. Mobileum filed for protection under Chapter 11 of the Bankruptcy Code on July 23, 2024 and emerged with its completed restructuring on September 12, 2024. Through its financial restructuring, Mobileum eliminated approximately $530 million of debt and secured access to $60 million of new financing. Mobileum, H.I.G. and certain consenting creditors entered into a restructuring support agreement at the commencement of the Chapter 11 Cases pursuant to which H.I.G. and the creditors supported Mobileum’s restructuring efforts and agreed to participate in a litigation trust to pursue additional recoveries on behalf of Mobileum and H.I.G. Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. The Simpson Thacher team included Sunny Singh, Ilaria Olivero, Dov Gottlieb and Colin Manchester (Restructuring); Alan Turner (Litigation); and Jonathan Goldstein and Eva Gao (Tax).
Simpson Thacher Represents H.I.G. Capital in the Completed Chapter 11 Restructuring of Mobileum Inc.
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Partners Owen Lysak and James Board authored an article titled, “ELTIFs 2.0—The U.S. BDC,” which was published by The Investment Lawyer. The article discussed how ELTIFs 2.0, the revamped EU-wide registered fund type vehicle, represents a new attempt to catch-up with the United States, and capitalize on the increased pace of the democratization of private markets in Europe over the last few years. Read more: https://lnkd.in/evabWcDq
Simpson Thacher Attorneys Author The Investment Lawyer Article on ELTIFs 2.0
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