Simpson Thacher Represents a Consortium of Investors in the Financing of the Acquisition of LeasePlan
07.31.15
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The Firm represented a consortium of long-term investors in connection with the financing of the announced acquisition of LeasePlan Corporation N.V. (“LeasePlan”), including a €480 million mandatorily exchangeable facility and a €1.55 billion bridge facility. The consortium, including investment funds managed by TDR Capital LLP, pension fund service provider PGGM, Denmark’s largest pension fund ATP, GIC, Luxinva S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and the Merchant Banking Division of Goldman Sachs, will acquire the company for approximately €3.7 billion from Global Mobility Holding B.V., a joint venture of Volkswagen AG and Fleet Investments B.V.
LeasePlan is a global fleet management and driver mobility company of Dutch origin. The company’s full service offering consists of financing and operational fleet management services to meet the needs of a diverse client base.
The Simpson Thacher team included Stephen Short and Henry Ryder (Credit); and Gil Strauss, Till Lefranc, Rohan Kaul and Natalie Kone (Capital Markets).