Simpson Thacher is representing private equity firm Hellman & Friedman LLC in the acquisition of DoubleClick Inc., a leading provider of data and technology solutions for marketers, advertising agencies and web publishers.
Under the terms of the definitive merger agreement entered into between the parties on April 23, 2005, Hellman & Friedman will acquire all of the outstanding shares of DoubleClick for $8.50 in cash per share, representing a transaction value of approximately $1.1 billion. JMI Equity, a San Diego-based venture capital firm, will be investing alongside Hellman & Friedman. The transaction has been approved by DoubleClick's board of directors and is expected to be completed in the third quarter of 2005, subject to receipt of stockholder approval, the closing of debt financing arrangements and satisfaction of customary regulatory and other closing conditions.
The Simpson Thacher team includes David Sorkin, Peter Malloy, Stephen Ballas, Daniel Holzer, Jennifer Nadborny and Mark Egnal (M&A), James Cross, Jay Ptashek and Brian Steinhardt (Credit), Ken Edgar and Marios Rush (Employee Benefits), Lori Lesser and Mark Solomon (Intellectual Property), Steven Todrys, Rachel Birnbaum and Tamika Cushenberry (Tax), Joe Tringali and Olivier Antoine (Antitrust), and paralegal Kate Farber.