Simpson Thacher is advising private equity funds affiliated with Blackstone Energy Transition Partners in connection with its definitive agreement to acquire SEVES Group S.à r.l, the parent company of SEDIVER Group (“SEDIVER”), a provider of specialized electrical insulator solutions for the high-voltage transmission grid, from Triton Partners.
SEDIVER is a leading manufacturer of toughened glass insulators, supplying a mission-critical element of the electric transmission grid. SEDIVER is a global business with over 600 million insulators worldwide, having pioneered the technology for over 70 years. The Company supports the energy transition by enabling the reliable and sustainable transmission of electricity, whilst facilitating the global electrification megatrend.
The Simpson Thacher team includes Geoff Bailhache, Paul Foote, Ciaran Cronin, Jewel Zhu, Oliver Heighton, Fran Towers and Hadley Nagel (Corporate); Antonio Bavasso and Sandeep Mahandru (Antitrust); Sarah Lindley and Tim Wells (Tax); Matt Feehily and Carina Heidrich (ESG); and Andrew Bechtel, Charley Xu and Emma Lynam (Banking and Credit).