News & Events

Simpson Thacher is representing affiliates of KKR in connection with the recommended public offer to the shareholders of Biotage AB (“Biotage”) to tender all ordinary shares in Biotage (the “Offer”). The ordinary shares in Biotage are listed on Nasdaq Stockholm, Large Cap. The Offer values Biotage at approximately SEK 11,607 million. The completion of the Offer is conditional upon, inter alia, receipt of regulatory clearances. Biotage is a leading provider of innovative and sustainable...

Simpson Thacher is representing Baker Tilly in connection with its entry into a definitive agreement to combine with Moss Adams LLP (Moss Adams). As part of this transaction, private equity firm Hellman & Friedman (H&F), an existing investor in Baker Tilly, will make a meaningful additional strategic investment in the business, with existing shareholder Valeas Capital Partners (Valeas) also increasing its investment. Following the deal close, Moss Adams and Baker Tilly's audit business will...

Simpson Thacher recently represented The E.W. Scripps Company (“Scripps”) in connection with a series of transactions to refinance its term loans, extend a portion of its revolving credit facility and enter into a new account receivable securitization facility. Pursuant to the transactions, 100% of the Company’s existing tranche B-2 term loans due 2026 and tranche B-3 term loans due 2028 were exchanged for a mix of new tranche B-2 term loans due in 2028 and new tranche B-3 term loans due 2029,...

Simpson Thacher has represented EQT on the formation and raising of its flagship infrastructure fund, EQT Infrastructure VI (“The Fund”), which has raised €21.5 billion in total commitments, exceeding the €20 billion target and reaching its hard-cap. This represents a 35% increase on the Fund’s predecessor, owing to strong support from both existing and new investors. The Fund received commitments from a diversified, global group of institutional investors, including pension funds, sovereign...

Simpson Thacher represented The Toronto-Dominion Bank (“TD Bank”), as selling stockholder, in connection with a secondary offering of common stock of The Charles Schwab Corporation (“Schwab”) and concurrent share repurchase by Schwab. The offering raised approximately $12.9 billion in net proceeds, before expenses, and the share repurchase was for a total purchase price of $1.5 billion. As a result, TD Bank has disposed of all its shares in Schwab, which were acquired in connection with...

On January 31, 2025, Simpson Thacher secured a win for Mattress Firm Group Inc. in the Southern District of Texas when U.S. District Judge Charles Eskridge denied the FTC’s motion for a preliminary injunction to block Mattress Firm’s acquisition by Tempur Sealy International, Inc. Contrary to the FTC’s allegations that “millions of Americans would likely face higher prices, lower quality, and fewer choices,” the Court found that the acquisition is “either neutral or procompetitive” and “in the...

On December 9, 2024, Simpson Thacher secured a win in the Ninth Circuit, when the court affirmed the dismissal with prejudice of a LIBOR conspiracy case filed against client JPMorgan in the Northern District of California.  In 2020, a group of credit card borrowers and loan consumers filed suit against JPMorgan, along with other banks and financial institutions, alleging a conspiracy to fix the LIBOR rate and manipulate the price of LIBOR-linked instruments. In October 2023, the U.S. District...