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Blackstone Acquires Majority Ownership of Liftoff

12.22.20

The Firm is representing Blackstone in connection with its proposed acquisition of a majority ownership interest in Liftoff Mobile, Inc. The transaction is expected to close in early 2021 subject to customary closing conditions. Financial terms of the transaction were not disclosed.

Liftoff, a mobile app marketing platform, uses prediction intelligence to find engaged users at scale for mobile app marketers. Headquartered in Redwood City, Liftoff has a global presence with offices in New York, San Francisco, Seattle, Berlin, London, Paris, Singapore, Seoul and Tokyo.

The Simpson Thacher team includes Anthony Vernace, William Allen, Christopher Scavone, Erica Sims and Daniel Feiger (M&A); Andrew Purcell, Sophie Staples and Brian Mendick (Tax); Gregory Grogan, Caitlin Lucey and Alan Fenyes (Executive Compensation & Employee Benefits); Alden Millard, Catherine Burns and Callie Robins (Credit); Genevieve Dorment, Melanie Jolson and Kate Mirino (IP); and Krista McManus and Timothy Gallagher (Real Estate).