The Firm represented Corsair Capital (“Corsair”) in connection with their entry into a joint venture with Investcorp through Investcorp’s acquisition of 50% stake in Corsair’s infrastructure business. The acquisition was consummated through the establishment of Investcorp Corsair Infrastructure Partners (“Investcorp Corsair”), a new entity jointly owned by Investcorp and Corsair that comprises the Infrastructure Business’ existing funds, investments and team, and which will continue to pursue a highly differentiated and scalable investment strategy in transportation, logistics and associated infrastructure subsectors.
Investcorp Corsair will capitalize on the strong and growing demand for infrastructure assets around the world, and on the private markets experience of both Corsair and Investcorp. The business leverages a unique model that blends operating platforms with equity sponsorship, as well as a market-leading profile in infrastructure investing, including as financial sponsor of the landmark redevelopments of John F. Kennedy International Airport Terminal 6 and LaGuardia Airport Terminal B in New York.
The Simpson Thacher team included Drew Harmon, Ryan Williams and Irina Nica (Fund Transactions); Barrie Covit, Charles Xu, David Whelan, David Weintraub, Gerardo Párraga, Leor Moaddel and Constantine Valettas (Funds); Jonathan Goldstein, William Smolinski and Ruoxi Zhang (Tax); Jennifer Levitt, Mimi Cheng and Jackson Sullivan (Credit); Richard Jamgochian (Antitrust); and Lori Lesser, Melanie Jolson and Mark Natividad (IP).