The Firm is representing Sphera, a portfolio company of investment funds affiliated with Blackstone Inc. (NYSE: BX), in connection with its announced definitive agreement to acquire riskmethods. Financial terms of the transaction were not disclosed.
Based in Munich, Germany, riskmethods enables organizations worldwide to identify, analyze and mitigate all types of supply chain risk management (SCRM). Its software platform collects supplier data and real-time information, distinguishes critical signals from “noise” and provides users with visibility across multiple tiers of their supply chain, so they can mitigate business disruption risk and achieve supply chain transparency.
Sphera is the leading provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship.
The Simpson Thacher team includes William Allen and Ben Kloss (M&A); Jonathan Goldstein and Sophie Staples (Tax); Gregory Grogan, Gary Tashjian and Guanxiong Xu (Executive Compensation and Employee Benefits); Catherine Burns (Credit); and Steven DeLott (Insurance).