The Firm is representing Global Blue Group AG (“Global Blue”), a portfolio company of Silver Lake Partners (“Silver Lake”) and a leading strategic technology and payments partner empowering global merchants to capture the growth of international shoppers, in connection with its merger with Far Point Acquisition Corporation (“Far Point”), a special purpose acquisition company co-sponsored by the institutional asset manager, Third Point LLC, and former NYSE President Thomas Farley. Current investors, including Silver Lake, will remain significant shareholders in the combined company. New investors, anchored by Ant Financial Services Group, a member of the Alibaba digital economy and operator of the world's leading payment and lifestyle platform Alipay, and Third Point, have committed to invest a total of $350 million in the combined company at a €2.3 billion (approximately $2.6 billion) enterprise valuation in the form of a private placement. The new public company will be incorporated in Switzerland and will be listed on the New York Stock Exchange, trading as Global Blue under ticker symbol NYSE: “GB” upon closing.
The transaction is expected to close during the second quarter of 2020 and is subject to approval by Far Point stockholders and other customary closing conditions, including regulatory approvals.
The Simpson Thacher team includes Clare Gaskell, Michael Wolfson, Stephen Wiseman, Nicholas Marricco, Hamesh Khatkar, Leo Rifkind, Harris Kaufman, Chia-Chen Lee, Ngozi Nezianya and Samantha Spearman (M&A); Nicholas Shaw, Kenneth Wallach and Rainer Adlhart (Capital Markets); Sarah Katz and Sergio Torres (Tax); Ellen Frye (Antitrust); Shari Ness (Public Company Advisory Practice); and Steven DeLott (Insurance).