Simpson Thacher Represents Placement Agents in Private Placement in Connection with Syniverse’s Merger with M3-Brigade Acquisition II Corp.
08.17.21
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Simpson Thacher represented J.P. Morgan Securities LLC and Moelis & Company LLC as placement agents in connection with a committed PIPE financing of $265 million of common stock and convertible preferred stock as part of Syniverse Corporation’s (“Syniverse”) entry into a definitive agreement and plan of merger with M3-Brigade Acquisition II Corp. (NYSE: MBAC), a special purpose acquisition company, that will result in Syniverse becoming a publicly listed company. Upon the closing of the transaction, the combined company will operate as Syniverse and its common stock is expected to be listed on the New York Stock Exchange under ticker “SYNV.”
Syniverse is a leading global provider of unified, mission-critical platforms enabling seamless interoperability across the mobile ecosystem. The world’s largest companies and nearly all mobile carriers rely on Syniverse’s global network to seamlessly bridge mobile ecosystems and securely transmit data, enabling billions of transactions, conversations and connections.
The Simpson Thacher team included Art Robinson, Tony Rim, Nicole Fu and Ben Pittenger (Capital Markets); and Kate Mirino (Intellectual Property).