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Blackstone to Acquire Clarus

10.04.18

Simpson Thacher is representing Blackstone (NYSE: BX) in connection with its agreement to acquire Clarus, a leading global life sciences investment firm with a focus on funding growth-stage investments. This acquisition launches Blackstone Life Sciences, an industry-leading private investment platform with capabilities to invest across the lifecycle of companies and products within the key life sciences sectors. The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2018.

The Simpson Thacher team includes Elizabeth Cooper, William Allen, Todd Noelle, Mary-Jane Rabeony and Sara Park (M&A); Michael Wolitzer, Peter Gilman, Steven Homan and Steven DiGregoria (Private Funds); Greg Grogan, Patricia Adams and Lauren Roth (Executive Compensation and Employee Benefits); John Hart, Nancy Mehlman and Tyler Robbins (Tax); Jeanne Annarumma (ERISA); and Joshua Bonnie and William Golden (Capital Markets).