Several matters on which Simpson Thacher advised were recognized by Private Equity International and Secondaries Investor as part of their annual awards programs, honoring the standout fundraisings and transactions over the past year as well as the firms that led on them.
EQT X, on which Simpson Thacher advised EQT, was named PEI’s “Fundraise of the Year in EMEA.” EQT’s tenth buyout fund raised €22 billion, exceeding its €20 billion target and hitting its hard cap to become the largest private equity fundraise to close in 2024, according to PEI.
New Mountain Partners VII, on which Simpson Thacher advised New Mountain Capital, was named PEI’s “Fundraise of the Year in the Americas.” Fund VII closed at its hard cap of $14 billion in third party capital commitments, and at $15.4 billion in aggregate capital commitments, marking New Mountain Capital’s largest fundraise to date and the fourth largest private equity fundraise to close in 2024.
KKR’s exit from Kokusai Electric Corporation was named PEI’s “Exit of the Year in Asia-Pacific.” Simpson Thacher advised Kokusai Electric Corporation in the transaction, a ¥240.4 billion (approximately US$1.6 billion) follow-on offering, which took place in July 2024.
CVC’s extension of its partnership with Multiversity, a leading Italian online higher education provider, was named Secondaries Investor’s “GP-Led Deal of the Year in EMEA.” Simpson Thacher advised CVC on this matter, which saw the business transferred from CVC Capital Partners VII to a CVC managed continuation fund.
To learn more about the awards, and to view the full list of winners, please click here (subscription required).