Simpson Thacher is representing Apax Partners (“Apax”) and TRADER Corporation (“TRADER”) in connection with Apax’s sale of TRADER to private equity firm Thoma Bravo for approximately C$1.575 billion. The transaction, which is subject to customary closing conditions, is expected to close by the fourth quarter of 2016. TRADER is Canada’s leading digital automotive marketplace and software solutions provider.
The Simpson Thacher team for the transaction includes Ryerson Symons, Ben Schaye, Megan Tweed, Jessica Asrat and Catherine Burns (M&A); Ken Wallach, Ryan Bekkerus, Brian Rosenzweig, Kalliope Kefallinos and Max Corey (Capital Markets); Brian Steinhardt (Credit); Peter Guryan and Richard Jamgochian (Competition); Brian Robbins, Jamin Koslowe and Joo Hyun Lee (Executive Competition and Employee Benefits); Gary Mandel and George Davis (Tax); Lori Lesser, Marcela Robledo, Linda Nyberg and Amber Harezlak (Intellectual Property); Michael Isby (Environmental); Krista McManus (Real Estate); and Joyce Xu (Derivatives). Summer Associates Dorothy Hector and Kenneth Koo also provided valuable assistance.