The firm is representing The Blackstone Group in its announced acquisition of a majority stake in RGIS Holdings, LLC ("RGIS"), the world's leading provider of inventory auditing services. Financial terms of the transaction were not disclosed. Goldman Sachs is providing financing for the transaction, including through a minority equity stake in RGIS. RGIS counts and verifies inventory for retailers like Wal-Mart Stores Inc., CVC Corp. and Home Depot Inc., and has a workforce of more than 40,000, with approximately 400 offices in North America, South America, Australia, Asia and Europe.
The Simpson Thacher team working on this deal includes: Bill Dougherty, Anthony King and David Cohen (M&A); Alden Millard and Vanessa Bressler (Credit); Gary Mandel, Noah Beck and Kurt Dudas (Tax); Greg Grogan, Andrew O'Brien and Carl Berry (Employee Benefits); Robyn Rahbar and Mark Solomon (Intellectual Property); Sas Mehrara, Julia Noone and Heesun Kang (Real Estate); and Fagie Hartman and Jacquie Rosenblum (Labor).