Simpson Thacher is representing Toys “R” Us, Inc. in the sale of the entirety of its worldwide operations, including both its global Toys "R" Us and Babies "R" Us businesses, to an investment group consisting of affiliates of Kohlberg Kravis Roberts & Co., Bain Capital Partners LLC, and Vornado Realty Trust. The investment group will acquire all of the outstanding shares of the Company for $26.75 per share, representing a transaction value of $6.6 billion plus the assumption of debt. It represents one of the largest leveraged buy-outs in history.
The Simpson Thacher team includes John Finley, Ed Chung, Elena Centeio and Ferish Patel (M&A), Eric Novak and Jason McFall (LA Office), Glenn Reiter and Michael Nathan (Capital Markets), Patrick Ryan and Euan Gorrie (Credit), Steve Todrys, Michelle Ingber and Hallie Grainer (Tax), Lori Lesser, Jen Rackoff and Mark Solomon (IP), Greg Ressa and Krista McManus (Real Estate), David Sneider and Magnolia Samadani (Tokyo Office), David Ichel, Joe Mclaughlin and Tai-Heng Cheng (Litigation), Ken Ziman (Bankruptcy), Olivier Antoine (Antitrust), Steve Delott (Insurance) and Adeeb Fadil (Environmental).