News & Events

The Firm recently represented funds advised by Centerbridge Partners, L.P. in connection with the financing of its announced acquisition of Civitas Solutions, Inc. (NYSE:CIVI). Under the terms of the agreement, Centerbridge will acquire all outstanding shares of Civitas common stock for $17.75 in cash per share of Civitas common stock, resulting in an enterprise value of approximately $1.4 billion. Completion of the transaction is subject to shareholder approval, expiration or termination of waiting periods under Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The acquisition is expected to be completed by the end of Civitas’ second fiscal quarter.

Civitas Solutions, Inc. is the leading national provider of home- and community-based health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs.

The Simpson Thacher team includes Brian Steinhardt, Rustin Brown and Dennis Durkin (Banking and Credit).