Simpson Thacher is representing funds managed by KKR in connection with their agreement to acquire the Engineering Solutions business of S&P Global Inc. (“Engineering Solutions”) for $975 million in cash, subject to customary purchase price adjustments. KKR is making the investment through its North America Fund XIII. The transaction, which is subject to receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to close by the end of the second quarter of 2023.
Engineering Solutions provides data, technology and insights that allow over 6,000 global customers and 650,000 users to optimize workflows and end-user experiences. Its products enable engineers, builders and architects in many industries to access the data and insights they need to deliver complex projects and new products.
The Simpson Thacher team includes Marni Lerner, Naveed Anwar, Beini Chen, Michaela Dion, Mariel McClenahan and Dan Kim (M&A); David Rubinsky, Ryan Stott and Hannah Daniels (Executive Compensation and Employee Benefits); Nancy Mehlman, William Smolinski and Lina Pan (U.S. Tax); Sarah Lindley and Phoebe Adams (U.K. Tax); Jessica Cohen, Bobbie Burrows and Rachelle Broida (Intellectual Property); Catherine Burns and Callie Robins (Credit); Krista McManus (Real Estate); Steve DeLott (Insurance); Toby Chun and Deepa Sarkar (Environmental); and Peter Guryan, Joshua Hazan and Kelly Karapetyan (Antitrust).