Simpson Thacher represented Sageview Capital LP in connection with its investment in Access Integrated Technologies, Inc. d/b/a Cinedigm Digital Cinema Corp. Cinedigm is a technology and services integrator that works with Hollywood movie studios and exhibitors to bring movies in digital cinema format to audiences across the country. Under the terms of the transaction, an affiliate of Sageview Capital invested $75,000,000 in exchange for Senior Secured Notes in an aggregate principal amount of $75,000,000 and a warrant to purchase 16,000,000 shares of Class A Common Stock. The warrant equates to pro forma ownership of approximately 35% of Cinedigm’s fully diluted shares.
The Simpson Thacher team included Chad Skinner, Ryan Nolan, Anna Schwartz, Philip Davidson and Ariel Oxman (M&A); Jennifer Hobbs, Marissa Wesely and Jessica Tuchinsky (Credit); Lori Lesser, Marcela Robledo and Jake Levy (Intellectual Property); Greg Grogan and Beth Understahl (Executive Compensation and Employee Benefits); and Sandy Qusba (Bankruptcy).