Simpson Thacher Represents Underwriters in $1.2 Billion Secondary Offering by Selling Stockholders of Realogy Holdings Corp.
07.23.13
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Simpson Thacher represented the underwriters, Goldman, Sachs & Co. and J.P. Morgan Securities LLC, in a secondary offering by certain funds affiliated with Apollo Global Management, LLC (“Apollo”) of an aggregate of 25,125,070 shares of Realogy Holdings Corp.’s (“Realogy”) common stock, representing Apollo’s remaining equity interests in Realogy. The offering raised aggregate net proceeds of approximately $1.2 billion.
Realogy is the preeminent and most integrated provider of residential real estate services in the U.S. It is the world’s largest franchisor of residential real estate brokerages with some of the most recognized brands in the real estate industry, the largest owner of U.S. residential real estate brokerage offices, the largest U.S. and a leading global provider of outsourced employee relocation services and a significant provider of title and settlement services.
The Simpson Thacher team included Art Robinson, Marisa Stavenas, David Azarkh, Nirav Mehta and Summer Associate Monica Chan (Capital Markets); Jonathan Cantor and Vanessa Cohen (Tax); Jeanne Annarumma and Grace Lin Wirth (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); Mindy Lok (Intellectual Property); Mardi Merjian (Real Estate); Michael Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).