Simpson Thacher is representing affiliates of Bank of America, HSBC and JPMorgan in connection with senior bridge loans in an amount up to $16 billion to finance a portion of the proposed acquisition of Ansys, Inc. (“Ansys”) by Synopsys, Inc. (“Synopsys”) in a $35 billion cash-and-stock deal. The transaction is expected to close in the first half of 2025, subject to shareholder approval and customary closing conditions, including receipt of regulatory approvals.
Synopsys is a technology firm that focuses on chip design, verification, IP integration, and software security and quality testing.
Ansys designs engineering simulation software that focuses on the aerospace, automotive, defense, healthcare and lighting industries.
The Simpson Thacher team includes Patrick Ryan, Jessica Tuchinsky, Michael Ratay and Kelsey Anspach (Banking and Credit); John C. Ericson, Richie Ragusa and Emily Anne Owen (Capital Markets); Michael Mann (Tax); Michael Chao and Cedric Karaoglan (M&A); Kate Mirino (Intellectual Property); and Pasco Struhs and Josh Goldman (Executive Compensation and Employee Benefits).