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Simpson Thacher Represents Apax Partners in its Acquisition of Answers.com

08.13.14
The Firm is representing funds advised by Apax Partners in connection with the announced acquisition of Answers Corporation (Answers), the parent company of Answers.com, from Summit Partners, TA Associates and founder shareholders.  The transaction is expected to close in the fourth quarter of 2014 and is subject to customary closing conditions.  Financial terms were not disclosed.

Answers is a leading provider of cloud-based solutions that enhance customer acquisition and brand engagement.  Answers’ mission is to empower consumers, brands and organizations by connecting them with the information they need to make better-informed decisions.  

The Simpson Thacher team includes Ryerson Symons, Ravi Agarwal and Adam Moss (M&A); Brian Steinhardt and Taylor Smith (Banking & Credit); Gary Mandel, Drew Purcell and Sophie Staples (Tax); Brian Robbins, Jennifer Pepin and Patricia Adams (Executive Compensation and Employee Benefits); Lori Lesser, Joshua Walker and Alexander Key (IP); Steve DeLott (Insurance); Michael Naughton (Antitrust) and George Wang, David Shogren, Andrew Winerman, Elliot Weingarten and David Caldwell (Regulatory). Summer associate Randi Lynn Veenstra also provided valuable assistance.