Simpson Thacher Represents KKR in the Financing of its Voluntary Public Tender Offer for Axel Springer
06.25.19
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Simpson Thacher is representing KKR in connection with the financing related to KKR’s announced voluntary public tender offer for the shares of Axel Springer SE (“Axel Springer”) for €63 per share in cash. The voluntary public tender offer values Axel Springer at EUR 6.8 billion and will be subject to various customary conditions, including the receipt of regulatory approvals.
Axel Springer is a media and technology company active in more than 40 countries. The company has diverse media brands (e.g. BILD and WELT Group, Insider Inc., Politico.eu) and classifieds portals (e.g. StepStone, SeLoger, Immowelt).
The Simpson Thacher team includes Kate Sinclair and George Dyesmith (Banking and Credit); and Clare Gaskell and Alice Prinsley (Equity).