News & Events

Simpson Thacher won a dismissal, on behalf of clients Bright Health Group, Inc. (now known as NeueHealth) (“Bright Health”) and certain of its senior officers and directors of a federal securities class action suit filed in the U.S. District Court for the Eastern District of New York. The suit, filed against Bright Health, certain of its senior officers and directors, and the underwriters of its 2021 IPO alleged violations of the Securities Act of 1933 and the Securities Exchange Act of 1934....

Simpson Thacher represented global investment firm KKR in its $50 billion strategic partnership with Energy Capital Partners (“ECP”), the largest private owner of power generation and renewables in the U.S. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence and cloud computing globally. This strategic partnership combines KKR’s deep expertise in digital infrastructure, power,...

Simpson Thacher represented Blackstone in connection with the establishment and fundraising of the inaugural series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone announced that it has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding Blackstone’s $10 billion target. The Simpson Thacher team representing Blackstone included...

Simpson Thacher is advising Sixth Street Partners, a leading global investment firm, in connection with its acquisition of Cala, a major U.K. housebuilder, alongside Patron Capital, from Legal & General Group Plc. Cala is a leading provider of desirable, high quality new homes across the South of England, the Cotswolds and Scotland. The Simpson Thacher team includes Wheatly MacNamara, Angus Lennox, Palina Pradhan, Tashreeq Moodien and Claudia Haavik (Real Estate); and Sarah Lindley and...

The Firm is representing Blackstone and the buyer consortium formed with the Canada Pension Plan Investment Board in connection with the acquisition of AirTrunk, a leading Asian data center operator, for an implied enterprise value of A$24 billion (US$16.1 billion). This represents Blackstone’s largest ever investment in the Asia Pacific region. AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and...

Simpson Thacher is representing Mars, Incorporated in connection with the financing aspects of its announced acquisition of Kellanova, a leading company in global snacking, international cereal and noodles, North American plant-based foods and frozen breakfast foods. Under the terms of the agreement, Mars will acquire all outstanding equity of Kellanova for $83.50 per share in cash, representing a total enterprise value of $35.9 billion. Mars intends to fully finance the acquisition through a...

The Firm is representing Paramount Global (“Paramount”) in connection with its proposed merger with Skydance Media, LLC (“Skydance”). The terms of the agreement value the combined company at an enterprise value of approximately $28 billion. Completion of the transaction is subject to regulatory approvals and customary closing conditions, and the transaction is expected to close in 2025. Paramount is a leading global media, streaming and entertainment company that creates premium content and...