Simpson Thacher is representing Apax Partners LLP (“Apax”) in connection with the agreement of the Apax Funds to acquire Tosca Services, LLC (“Tosca”). Under the terms of the agreement, existing shareholders will retain a minority ownership position in the company. The transaction is subject to customary closing conditions and is expected to close in Q4 2017.
Tosca provides innovative supply chain solutions and reusable packaging across a diverse range of perishable markets including eggs, produce, protein and cheese. Tosca collaborates with growers, suppliers and retailers to deliver the best flow of perishables throughout the entire supply chain.
The Simpson Thacher team includes Benjamin Schaye, Ryerson Symons, Sung Jin, Sara Park, Robert Meyer and Aria Mahboubi (M&A); Gary Mandel, Sophie Staples and Morgan Otway (Tax); Brian Robbins, Patricia Adams and Jason Fixelle (ECEB); Lori Lesser and Kate Stein (IP); Leah Nudelman (Banking); Michael Isby and Louise Kruger (Environmental); and Kelly Karapetyan, Ellen Frye and William Kearney (Antitrust).