Simpson Thacher Represents Lexington Partners in Acquisition of $1.2 Billion Interest in Metalmark Capital from Citigroup
08.01.14
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The Firm represented Lexington Partners in connection with its acquisition of an 80% share of a $1.5 billion commitment from Citigroup Inc. to Metalmark Capital Partners II LP, a fund managed by midmarket buyout firm Metalmark Capital. Citigroup will offer the remaining 20% of its commitment to existing limited partners in the fund. The transaction is expected to close in the fourth quarter. Lexington Partners is a leading manager of secondary private equity and co-investment funds.
The Simpson Thacher team included Mark Pflug, Jakob Rendtorff and Ryan Song (M&A); Michael Wolitzer and Catherine Kidd (Funds); Jonathan Goldstein, Vanessa Grieve and Taylor Alexander (Tax); Michael Naughton and Ellen Frye (Antitrust); Jeanne Annarumma (ERISA); and Peter Thomas (Regulatory).