Simpson Thacher represented funds managed by Blackstone’s GP Stakes business in connection with the announced strategic investment in Nautic Partners. Terms of the transaction were not disclosed.
Blackstone GP Stakes specializes in value-added, long-term investments in the management companies of leading private equity firms.
Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrials and services. Nautic has completed more than 145 platform transactions throughout its 35-plus year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives and increased management team depth.
The Simpson Thacher team included Matthew Rogers and Ryan Williams (M&A); Crystal Frierson, Christopher Healey, Shannon O’Sullivan, Cody Lipke, Justin Maffett and Kam Siu (Funds and Funds Compliance); Benjamin Rippeon and Eli Shalam (Tax); and Jamin Koslowe and Hannah Daniels (Executive Compensation and Employee Benefits).