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Simpson Thacher Advising KKR in $29 Billion Acquisition of First Data

04.05.07

Simpson Thacher is representing Kohlberg Kravis Roberts & Co. in connection with its proposed acquisition of First Data Corporation in a transaction valued at approximately $29 billion. First Data is a leading provider of electronic commerce and payment solutions for businesses worldwide. Under the terms of the deal, First Data shareholders will receive $34 in cash for each share of First Data common stock they hold. This is among the top five announced LBO transactions to date.

The Simpson Thacher team working on this deal includes: Gary Horowitz, Lee Meyerson, Chris May, Ian Ho and Rhett Van Syoc (M&A); James Cross and Sean Murphy (Credit); Richard Fenyes (Capital Markets); Steve Todrys and Shari Silverman (Tax); Andy O'Brien and Beth Understahl (Employee Benefits); and Joe Tringali, Michael Naughton and Jonathan Parker (Antitrust).