Simpson Thacher is representing Blackstone Capital Partners V in its LBO of Anheuser-Busch InBev's Busch Entertainment theme parks, including the three Sea Worlds and two Busch Gardens, valued at up to $2.7 billion. The purchase price will be comprised of a cash payment on closing of $2.3 billion and a right to participate in Blackstone’s return on its initial investment capped at $400 million.
Anheuser-Busch InBev’s Busch Entertainment is considered the second-largest entertainment park operator in the United States after the Walt Disney Company and has about 25 million visitors a year and 25,000 employees.
The Simpson Thacher team includes: Wilson Neely, Patrick Dowd, Markus Lotz, Jason Breen, Scott Reardon and Ravi Agarwal (M&A), Jonathan Karen and Nentcho Nentchev (Funds), Alden Millard, Carla Crawford and Makiko Harunari (Banking & Credit), Joe Tringali, Ken Ehrhard, Ketan Jhaveri, Michael Naughton, Mikhail Vanyo (Antitrust and HSR), Gary Mandel, Moshe Schwerd and Jonathan Talansky (Tax), Lori Lesser, Mindy Lok, Genevieve Dorment (Intellectual Property), Greg Grogan, Eric Sarabia and Beth Understahl (Executive Compensation and Employee Benefits), Elisa Alcabes (Insurance), Adeeb Fadil and Noreen Lavan (Environmental), Krista McManus, John Lewis and Julia Ann Miller (Real Estate). Paralegals Kimberly McMenamy and Kimberly Solomon also provided valuable assistance.
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