The Firm is representing Blackstone in connection with its proposed acquisition of a majority stake in MagicLab. The transaction is expected to close early next year, subject to customary closing conditions. The transaction values the company at approximately $3 billion.
MagicLab builds and operates leading dating and social networking apps with over 500 million users around the world, including Badoo, Bumble, Chappy and Lumen.
The Simpson Thacher team includes Anthony Vernace, Robert Langdon, Mark Myott, Mark Underwood, Kira Shannahan, Jiarui Li, Estell Lee and Shenlu Xu (M&A); Clare Gaskell and Leo Rifkind (Corporate – U.K.); Alden Millard and Adam Moss (Credit); Gregory Grogan, Jeannine McSweeney, Caitlin Lucey and Alexander Ellebracht (ECEB); Andrew Purcell, Sophie Staples and Stefan Golubovic (Tax); Steven Klar, Jonathan Karen, Peter Gilman, Jordan Cross, Benjamin Smith and Matthew Leighton (Funds); Lori Lesser, Harrison (Buzz) Frahn, Bryan Jin, Melanie Jolson and Genevieve Dorment (IP); Krista McManus (Real Estate); and Peter Guryan, Ellen Frye and Daniel Owsley (Antitrust).
The Firm is representing Blackstone in connection with its proposed acquisition of a majority stake in MagicLab. The transaction is expected to close early next year, subject to customary closing conditions. The transaction values the company at approximately $3 billion.
MagicLab builds and operates leading dating and social networking apps with over 500 million users around the world, including Badoo, Bumble, Chappy and Lumen.
The Simpson Thacher team includes Anthony Vernace, Robert Langdon, Mark Myott, Mark Underwood, Kira Shannahan, Jiarui Li, Estell Lee and Shenlu Xu (M&A); Clare Gaskell and Leo Rifkind (Corporate – U.K.); Alden Millard and Adam Moss (Credit); Gregory Grogan, Jeannine McSweeny, Caitlin Lucey and Alexander Ellebracht (ECEB); Andrew Purcell, Sophie Staples and Stefan Golubovic (Tax); Steven Klar, Jonathan Karen, Peter Gilman, Jordan Cross, Benjamin Smith and Matthew Leighton (Funds); Andrew Kofsky (Labor); Lori Lesser, Harrison (Buzz) Frahn, Bryan Jin, Melanie Jolson, Genevieve Dorment and Kate Mirino (IP); Craig Waldman and Andrew Garber (Litigation); Krista McManus (Real Estate); Adeeb Fadil and Noreen Lavan (Environmental); and Peter Guryan, Ellen Frye and Daniel Owsley (Antitrust).