News & Events

Simpson Thacher is representing affiliates of KKR in connection with their acquisition of Dawsongroup plc (“Dawsongroup”), a leading independent asset leasing business headquartered in the UK, from the Dawson family and other existing shareholders.  The transaction is subject to receipt of regulatory approvals. Financial terms of the transaction were not disclosed. Dawsongroup is a sector leader in asset leasing, including vehicles and refrigerated boxes, with a broad and integrated business...

Simpson Thacher is representing Macquarie Asset Management (“MAM”) in its investment of up to $5.0 billion in the high performance computing (“HPC”) data center business of Applied Digital Corporation (“APLD”), a designer, builder and operator of next-generation digital infrastructure. The investment will support the development of APLD’s HPC data center pipeline. Funds managed by MAM will invest up to $900 million in APLD’s Ellendale HPC data center campus in the form of a perpetual preferred...

Simpson Thacher is representing Sixth Street Partners (“Sixth Street”) in connection with the acquisition by Northwestern Mutual of a passive minority equity interest in Sixth Street, which is part of a new strategic partnership between Sixth Street and Northwestern Mutual under which Sixth Street will manage $13 billion of assets for Northwestern Mutual with potential to scale. The Simpson Thacher team includes Ryan Williams, Christopher Scavone and Joachim-Nicolas Herrera (Funds...

Simpson Thacher recently represented iHeartMedia, Inc. (the “Company”) in comprehensive strategic exchange offers and consent solicitations for the Company’s existing term loans, senior secured notes, and senior unsecured notes. Pursuant to the exchange transactions, approximately $4.8 billion (or 92.2%) of the aggregate principal amount of the Company’s existing debt was exchanged into new debt instruments with extended maturities. As a result of the exchange transactions, the maturities on...

On December 9, 2024, Simpson Thacher secured a win in the Ninth Circuit, when the court affirmed the dismissal with prejudice of a LIBOR conspiracy case filed against client JPMorgan in the Northern District of California.  In 2020, a group of credit card borrowers and loan consumers filed suit against JPMorgan, along with other banks and financial institutions, alleging a conspiracy to fix the LIBOR rate and manipulate the price of LIBOR-linked instruments. In October 2023, the U.S. District...

Simpson Thacher & Bartlett LLP today announced plans to open a Luxembourg office, as well as the hiring of prominent funds partners Jean-Christian Six, Paul Van den Abeele and Yannick Arbaut. All three will be based in Luxembourg. Simpson Thacher’s Luxembourg office, which is expected to open in the first quarter of 2025, will advise sponsor clients on the formation of private and registered funds. “We are excited to support Luxembourg as the destination of choice for funds offering...

Simpson Thacher represented Blackstone in connection with the establishment and fundraising of the inaugural series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone announced that it has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding Blackstone’s $10 billion target. The Simpson Thacher team representing Blackstone included...