Simpson Thacher represented KKR Denali Holdings L.P., a fund affiliated with KKR & Co. Inc., in connection with the sale of 5,274,246 shares of AppLovin Class A common stock. The shares were sold in transactions exempt from registration under the Securities Act of 1933, as amended, for aggregate gross proceeds of $1.63 billion.
AppLovin makes technologies that help businesses of every size connect to their ideal customers. AppLovin provides end-to-end software and AI solutions for businesses to reach, monetize and grow their global audiences.
The Simpson Thacher team for the transactions included Joe Kaufman, Jessica Asrat and Sofia Elkina (Capital Markets); James Rapp, Bettina Elstroth and Joshua Traube (Public Company Advisory Practice); and Marcy Geller and Bill Smolinski (Tax).