Simpson Thacher is representing Genstar Capital in connection with an investment by Advent International and Leonard Green & Partners in Prometheus Group, a leading global provider of comprehensive and intuitive enterprise asset management software solutions. Genstar Capital, which has been Prometheus Group’s majority owner since 2019, and Eric Huang, the company’s founder and CEO, will remain significant shareholders following the transaction. The parties entered into a definitive merger agreement on June 4, 2024, the terms of which were not disclosed. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods, and is expected to close in the third quarter of 2024.
The Simpson Thacher team included Michael Kaplan, Jonathan Conigliari, Kristin Rulison, Mariella McCormack, Julian Alsarhn, Michael Ruttenberg, Theodore Schneider and Anna Heitmann (M&A); Tristan Brown, Harry Hudesman and Ryan Kenny (Executive Compensation & Employee Benefits); Ron Ben-Yehuda and Chandler Gerard-Reimer (Intellectual Property); Drew Purcell, Lina Pan and Eva Gao (Tax); and Christopher Brown and Mark Haddox (Banking & Credit).