Simpson Thacher Represents Blackstone in Connection with the Initial Public Offering of Kosmos Energy Ltd.
05.19.11
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The Firm recently represented affiliates of The Blackstone Group L.P. in connection with an initial public offering of Kosmos Energy Ltd. (the successor, after a corporate reorganization, to Kosmos Energy Holdings), a portfolio company of The Blackstone Group L.P. and Warburg Pincus LLC. The offering of 33,000,000 common shares, which does not include the underwriters’ option to purchase 4,950,000 additional shares, raised approximately $594 million in gross proceeds. Following the offering, affiliates of The Blackstone Group L.P. and Warburg Pincus LLC will continue to control a majority of the voting power of Kosmos’ issued and outstanding common shares, and Kosmos will be a "controlled company" within the meaning of the New York Stock Exchange corporate governance standards. The shares of Kosmos are now listed on the New York Stock Exchange under the symbol “KOS”.
Kosmos is an international oil and gas exploration and production company with major oil discoveries offshore West Africa including the giant Jubilee Field in offshore Ghana.
The Simpson Thacher team included, Wilson Neely, Atif Azher and Nisha Khanduja (M&A); Gary Mandel and Jason Vollbracht (Tax); Jamin Koslowe and Jeanne Annarumma (Executive Compensation and Employee Benefits); and Frank Marinelli and LeAnn Leutner (Capital Markets).