Simpson Thacher represented Sixth Street Partners (“Sixth Street”) in connection with its strategic investment in Blue Stream Fiber (“Blue Stream”). Financial terms of the transaction were not disclosed.
Sixth Street has joined GI Partners as an investor in Blue Stream, a Florida based company, which provides broadband services over fiber-optic networks to housing associations and neighborhoods under long-term, contracted bulk service agreements. The investment by Sixth Street will support growth in Blue Stream’s existing markets as well as expansion to additional geographies across the country. GI Partners will continue to hold a majority stake in the company.
The Simpson Thacher team included Katherine Krause, Malik Ladhani, Andrew Norwich, Kira Shannahan, Jack Nalen and Corinne Belkoff (M&A); Sophie Staples and Caroline Phillips (Tax); Andrew Blau and Megan Arrowsmith (ECEB); Lori Lesser, Alysha Sekhon and Mark Natividad (IP); Siak Goh (Securitization); Mike Isby (Environmental); Krista McManus and Joshua Schub (Real Estate); and Abram Ellis and Christine Tillema (National Security).