Firm Representing Lightyear Capital LLC in Its Acquisition of Neff Corp.
04.11.07
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The firm is representing Lightyear Capital LLC in its announced agreement to acquire Neff Corp. (“Neff”) for a purchase price of approximately $409 million (less transaction expenses) payable to the Neff stockholders, and the discharge of Neff’s existing indebtedness (which was approximately $490 million as of December 31, 2006). Neff, a portfolio company of Odyssey Investment Partners, is a leading construction equipment rental company, servicing over 20,000 customers with a rental fleet of more than 12,000 equipment pieces. Lightyear led a group of investors in the transaction, including General Electric Pension Trust and Norwest Equity Partners.
Simpson Thacher’s deal team includes: Caroline Gottschalk, Doug Bacon, Jon Strauss (M&A); Michael Nathan (Capital Markets), Marissa Wesely and Jennifer Hare (Credit), Wonda Joseph (Executive Compensation and Employee Benefits), Adeeb Fadil and Tim Mulvihill (Environmental), Charlie Rappaport and Sean Austin (Tax) and paralegal Caitlin Lane.