Simpson Thacher represented New Mountain Capital in connection with its majority investment in Salute Holdings, LLC (“Salute”). Financial terms of the transaction were not disclosed.
Founded in 2013, Salute provides comprehensive services across the full lifecycle of data centers, including facility operations and management, quality assurance and quality control inspection, and technical commissioning and retrofitting services.
The Simpson Thacher team included Elizabeth Cooper, Johanna Mayer, Jack Nalen, Si Sun, Luca Tomasi, Simon Teich and Angel Li (M&A); Greg Grogan, Kristy Fields and Mtume Sangiewa (Executive Compensation and Benefits); Andrew Purcell and Adam Hersch (Tax); Lori Lesser (Intellectual Property); Mick Tuesley, Mark Skerry, Ryan Stalnaker and Taylor Wettach (Foreign Direct Investment); Krista McManus (Real Estate); Toby Chun and Noreen Lavan (Environmental); Christopher Brown, Benjamin Persina, Mark Haddox, Janhvi Barthwal, Alexandra Cullen and Celeste Fleetwood (Credit); and Peter Guryan, Kelly Karapetyan and James Logie (Antitrust).