TSSP Announces Strategic Minority Investment by Dyal Capital Partners
04.11.17
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Simpson Thacher represented TSSP in connection with its announced definitive agreement with Dyal Capital Partners, for Dyal to take a passive, non-voting minority interest in TSSP. Additional terms of the transaction were not disclosed. The closing of the transaction is subject to the satisfaction of customary conditions.
TSSP is the global credit and credit-related investment platform partnered with TPG Holdings. Co-founded in 2009 by Managing Partner Alan Waxman, TSSP has approximately $20 billion in assets under management. TSSP has a long-term oriented, highly flexible capital base that allows it to invest across industries, geographies, capital structures and asset classes, in distressed assets but also healthy and growth companies.
The Simpson Thacher team included Elizabeth Cooper, Edward Chung, Andrew Edelen and Jeffrey Wittman (M&A); Michael Wolitzer, Carolyn Houston and Elliott Im (Funds); John Creed, Sophie Staples and Michael Badain (Tax); and Andrew Blau and Patricia Adams (ECEB).