Simpson Thacher represented certain investment funds affiliated with Blackstone Inc. (“Blackstone”) in connection with the accelerated bookbuilt offering of approximately 15.9 million shares in London Stock Exchange Group plc (“LSEG”) by a consortium including Blackstone, an affiliate of Canada Pension Plan Investment Board (“CPPIB”), an affiliate of GIC Special Investments Pte. Ltd. (“GIC”) and Thomson Reuters (together, the “Consortium”) raising approximately £1.4 billion in gross proceeds. Concurrent with the placing, LSEG also completed an off-market purchase of approximately 5.6 million shares from the Consortium. Blackstone, GIC and CPPIB subsequently sold call options over, in aggregate, approximately 10 million shares in LSEG.
The Simpson Thacher team for this transaction included Ben Spiers, Deborah Harris, Vishaal Patel, Oliver Heighton and Ella Hammond (Corporate – London); Elizabeth Cooper and William Allen (Corporate – New York); Jonathan Lindabury and Nathan Utterback (Derivatives – New York); Gil Strauss and Charles English (Capital Markets – London); Yash Rupal, Sarah Lindley and Phoebe Adams (Tax – London); Sophie Staples and Andrew Purcell (Tax – New York); and Mimi C. Cheng (Credit – Los Angeles).