Simpson Thacher is representing Refinitiv in its definitive agreement to be acquired by London Stock Exchange Group in an all share transaction for a total enterprise value of approximately US$27 billion. The transaction will create a leading, UK-headquartered, global financial market infrastructure provider. Refinitiv’s shareholders, including investment funds affiliated with Blackstone, Thomson Reuters, Canada Pension Plan Investment Board and GIC, will own an approximately 37% economic interest and less than 30% voting interest in the combined company. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020. Simpson Thacher recently represented the Blackstone-led consortium in its acquisition of a majority stake in Refinitiv, formerly the Financial & Risk business of Thomson Reuters, in a transaction completed on October 1, 2018.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.
The Simpson Thacher team includes Elizabeth Cooper, Brian Stadler, William Allen, Jun Won Kim, Julie Siegel and Aria Mahboubi (M&A – New York); Ben Spiers, Adam Signy, Deborah Harris, Charles Leeming, Lucy Gillett, Charlotte Yeldon, Harris Kaufman, Christopher Vallance, Vishaal Patel and John Lim (Corporate – UK); Drew Purcell, Sophie Staples and Morgan Otway (Tax); Greg Grogan, Alisa Tschorke and Caitlin Fitzgerald (ECEB); Lori Lesser, Genevieve Dorment and Alysha Sekhon (IP); Alden Millard, Antti Pesonen, Brian Gluck and Jon Ozner (Financing); Mike Wolfson, Naveed Anwar and Donovan Westbrook (Co-Investment); Peter Guryan, David Vann, Richard Jamgochian, Ellen Frye, Daniel Owsley and Joshua Hazan (Antitrust); Michael Wolitzer, Jonathan Karen and Steven Klar (Funds); Steve DeLott (Insurance); and Krista McManus (Real Estate).
Simpson Thacher is representing Refinitiv in its definitive agreement to be acquired by London Stock Exchange Group in an all share transaction for a total enterprise value of approximately US$27 billion. The transaction will create a leading, UK-headquartered, global financial market infrastructure provider. Refinitiv’s shareholders, including investment funds affiliated with Blackstone, Thomson Reuters, Canada Pension Plan Investment Board and GIC, will own an approximately 37% economic interest and less than 30% voting interest in the combined company. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020. Simpson Thacher recently represented the Blackstone-led consortium in its acquisition of a majority stake in Refinitiv, formerly the Financial & Risk business of Thomson Reuters, in a transaction completed on October 1, 2018.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.
The Simpson Thacher team includes Elizabeth Cooper, Brian Stadler, William Allen, Jun Won Kim, Julie Siegel, Aria Mahboubi and Patrick Wolff (M&A – New York); Ben Spiers, Adam Signy, Deborah Harris, Charles Leeming, Lucy Gillett, Charlotte Yeldon, Harris Kaufman, Christopher Vallance, Vishaal Patel and John Lim (Corporate – UK); Drew Purcell, Sophie Staples and Morgan Otway (Tax); Greg Grogan, Alisa Tschorke and Caitlin Fitzgerald (ECEB); Lori Lesser, Genevieve Dorment and Alysha Sekhon (IP); Alden Millard, Antti Pesonen, Brian Gluck and Jon Ozner (Financing); Mike Wolfson, Naveed Anwar and Donovan Westbrook (Co-Investment); Peter Guryan, David Vann, Richard Jamgochian, Ellen Frye, Daniel Owsley, Joshua Hazan and Nathan Regenold (Antitrust); Peter Thomas, Mick Tuesley, Mark Skerry and Claire DiMario (Regulatory); Michael Wolitzer, Jonathan Karen and Steven Klar (Funds); Steve DeLott (Insurance); Drew Kofsky (Labor); Jon Youngwood, Craig Waldman and Jacob Lundqvist (Litigation); Krista McManus (Real Estate); and Adeeb Fadil and Noreen Lavan (Environmental).