Simpson Thacher represented Astorg in the raising of the IQ-EQ Continuation Fund and the acquisition by the Continuation Fund of IQ-EQ, the last remaining asset in Astorg V. The transaction was heavily oversubscribed and includes commitments from existing Fund V and new limited partners, as well as significant contributions from the IQ-EQ leadership team. The Continuation Fund closed at €1.3 billion, which includes additional capital to support IQ-EQ’s growth initiatives. The acquisition of IQ-EQ by the Continuation Fund completed on January 13, 2022.
IQ-EQ is a leading investor services group employing over 3,600 people across 24 jurisdictions around the globe. It is one of the largest independent investor services providers in the space, with over $500 billion in assets under administration.
The Simpson Thacher team representing Astorg includes James R. Howe, Chris Vallance and Oliver Heighton (M&A); Daniel Lloyd, Gareth Earl, Wilson Szet and Samantha Spearman (Funds); and Yash Rupal, Meredith Jones and Bill Smolinski (Tax).