The Firm is representing Silver Lake Partners (“Silver Lake”) in connection with its proposed acquisition of Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) (“Blackhawk”) in a transaction valued at approximately $3.5 billion, which includes Blackhawk's debt. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in mid-2018.
Blackhawk is a global financial technology company and a leader in prepaid gift, reward and incentive technologies and solutions. Headquartered in Pleasanton, California, Blackhawk operates a leading physical and digital gift card and prepaid payments network with global scale, connecting more than 1,000 brands to over 244,000 retail distribution locations and online channels.
The Simpson Thacher team includes Ben Schaye, Bill Dougherty, James Parry, Scott Rudin, David Acquay, Aria Mahboubi and Matthew Petrone (M&A); Jennifer Hobbs and Adam Moss (Credit); Joyce Xu and Lihua Chen (Derivatives); Tristan Brown, Alina Grinman, Adam Cohen and Crystal Oparaeke (Employee Benefits and Executive Compensation); Jacqueline Clinton (Tax); Peter Guryan, Ellen Frye and Kelly Karapetyan (Antitrust); Lori Lesser and Amber Harezlak (Intellectual Property); and Abram Ellis, Mark Chorazak, Mark Skerry and Benjamin Sunshine (Regulatory).