Why is there such a focus on data centers now? Energy and Infrastructure Partner Gabriel Silva and Real Estate Partner Scott Kobak discuss this and other topics in a Bloomberg Q&A titled, “Simpson Thacher Lawyers See No Slowdown in Private Equity’s Demand For Data Centers.” The article highlighted the rise of data centers, with Gabriel noting that, “the mass adoption of next generation technologies like AI and machine learning,” is driving data center growth and that “These new technologies require materially more computing power than traditional workloads.” Read more: https://lnkd.in/eMBZ_sAF
About us
Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,300 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe. This website contains attorney advertising. Prior results do not guarantee a similar outcome.
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http://www.simpsonthacher.com
External link for Simpson Thacher & Bartlett LLP
- Industry
- Law Practice
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
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- Founded
- 1884
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425 Lexington Avenue
New York, NY 10017, US
Employees at Simpson Thacher & Bartlett LLP
Updates
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Real Estate Partner Scott Kobak and Energy and Infrastructure Partner Gabriel Silva were featured in a Bloomberg Q&A titled, “Simpson Thacher Lawyers See No Slowdown in Private Equity’s Demand For Data Centers,” highlighting the rise of data centers. In the Q&A, Scott explained that this trend is expected to continue with “so much confidence in the demand side of this.” Read more: https://lnkd.in/eMBZ_sAF
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Simpson Thacher advised Astorg in connection with the announcement of the successful closing of the Normec Continuation Fund, capitalized by lead investors CVC Secondary Partners, Pantheon, Lexington Partners, and Eurazeo, alongside a diverse group of additional investors, including sovereign wealth funds, pension funds, asset managers, and family offices. The Continuation Fund was established to acquire Normec, a leading pan-European independent TICC player held in Astorg VII (“Fund VII”). The transaction was oversubscribed and includes commitments from both existing Fund VII and new investors alongside significant equity contributions from the Normec leadership team and the Astorg deal team. The Continuation Fund raised €1.4bn, including substantial additional capital to further support Normec’s organic growth initiatives and acquisitions. Astorg is a leading pan-European private equity firm with over €22 billion of assets under management. Astorg works with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance, and capital they need to achieve their growth goals. The Simpson Thacher team included Edward Ford, Dan Lloyd and Sacha Gofton-Salmond (Funds).
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The Firm is representing Paramount Global in connection with its proposed merger with Skydance Media, LLC. 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 experiences worldwide. Driven by iconic consumer brands, Paramount’s portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. The Simpson Thacher team included: Eric Swedenburg, Katherine Krause, Elias Rosenblatt, Muaaz Maksud and Millen Trujillo (M&A); Jamin Koslowe, Kristy Fields and Guanxiong Xu (ECEB); Jonathan Goldstein, Andrew Mandelbaum, Emma Wang and Jiha Min (Tax); Brian Steinhardt and Patrick Wolff (Banking & Credit); Hui Lin (Capital Markets); Jonathan Lindabury and Nathan Utterback (Derivatives); Lori Lesser and Bobbie Burrows (Intellectual Property); Sara Razi and Daniel Owsley (Antitrust); Michael Isby (Environmental); and Krista McManus and Dennis Loiacono (Real Estate).
Paramount to Combine with Skydance
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Partners Leah Malone, Martin Bell, Stephen Blake and Linton Mann III, and Counsel Emily Holland authored an article titled, “What the Supreme Court’s Loper Bright Decision Means for ESG, and Other Key Trends,” which was published by the Harvard Law School Forum on Corporate Governance. The article outlined several key decisions and developments impacting the ESG space, including the recent Supreme Court decision overruling the Chevron deference. The article further addressed how these decisions may more broadly impact companies’ strategic considerations and the future of environmental and ESG regulation. Read More: https://lnkd.in/eR-MjqVv
Simpson Thacher Attorneys Author Article on Key Decisions Shaping the ESG Landscape
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Simpson Thacher is advising Webster Financial Corporation, the holding company for Webster Bank, N.A., on a strategic transaction that involves the formation of a private credit joint venture with Marathon Asset Management. The joint venture will deliver direct lending solutions to sponsor-backed middle market companies. The partnership combines each firm’s credit expertise, private equity sponsor relationships and standing in the middle market with Marathon’s 26-plus years of experience in asset management and Webster Bank’s full banking product suite that serves companies primarily in the middle market. Webster Financial Corporation is the holding company for Webster Bank, a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Marathon is a leading global credit manager with $23 billion of capital under management. The Simpson Thacher team includes Jaclyn Starr, Thomas Bell and Benjamin Cermak (Funds); Amanda Allexon and Spencer Sloan (Financial Institutions); and Andrew Purcell (Tax).
Webster Bank Forms Private Credit Joint Venture With Marathon Asset Management
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Simpson Thacher is representing EQT’s BPEA Private Equity Fund VIII in connection with its recommended cash acquisition of the entire issued and to be issued share capital of Keywords Studios Plc at 2,450 pence per share, which was announced on 3 July 2024. The acquisition values Keywords’ share capital at £2.1 billion on a fully diluted basis, and implies an enterprise value of approximately £2.2 billion. The acquisition is expected to be implemented by way of scheme of arrangement, subject to the approval of Keywords’ shareholders. CPP Investments and Temasek will co-invest alongside EQT. Keywords is admitted to trading on AIM and is a global provider of fully integrated creative and technology-enabled solutions to the video games and entertainment industries. The Simpson Thacher team includes Ben Spiers, Lucy Gillett, Jewel Zhu, James Evelegh, Laura Harris, Beanka Chiang and Andrew Mon (Corporate – U.K.), and Antonio Bavasso and Josh Buckland (Antitrust).
EQT Announces Recommended Cash Acquisition of Keywords Studios Plc
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Litigation Partner Chet Kronenberg, who is President of the Board of Directors of LevittQuinn Family Law Center, co-authored an article with LevittQuinn’s Director of Legal Services Lucia Reyes in the Daily Journal titled, “Why Legal Counsel Is Crucial In Ensuring Successful Permanent Placement of Children.” The article explores the recent California Court of Appeals decision in In Re: Andrew M., concerning whether to terminate the parental rights of a 5-year-old’s biological parents when his long-term foster parents sought to adopt him. The article further details the critical role counsel play not just for foster parents, but also in non-dependency cases, in advocating for permanent placement of children and establishing long-term stability and security. Read More: https://lnkd.in/enf__-Ea
Chet Kronenberg Co-Authors Daily Journal Article on Importance of Counsel in Permanent Placement of Children
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Simpson Thacher advised New Mountain Capital in the formation and raising of New Mountain Partners VII, L.P. Fund VII closed at its hard cap of $14 billion in third party capital commitments, and at $15.4 billion in aggregate capital commitments, including the capital commitments from New Mountain and its professionals. New Mountain Capital is a leading growth-oriented alternative investment firm headquartered in New York. The firm currently manages private equity, strategic equity, credit and net lease real estate funds with nearly $55 billion in assets under management. The Simpson Thacher team includes David Greene, Matthew Leighton and David Whelan (Funds); Andrew Purcell (Tax); and Mary Touchstone and Ashley Gold (Credit); as well as Catherine Kidd, Amanda Ng, Juhi Kaushik, Jacob Fritts, Joshua Katz, Sean Park, Katie Lunt, Emma Snover, Max Tawil, Anna-Carolina Zwinge, Sam Boorstein, E.R Rolwes, Benjamin Blinken, Conner Johnson, Vihan Khanna, Gavin Jaco, Nate Yang, Emily Owen, Kunzhao Cao, Angela Yu, Corinne Belkoff, Cheryl Daly, Maria Fernandez Garcia, Siqi Zhao, Maurice Golding, Tobi Olajubu, Tom Fu, Craig Wickham and Alexandra Speiss (Funds); Adam Hersch and Shareef Salfity (Tax); Jeanne Annarumma (ECEB); Jessica Paletsky, Jacklyn Kornstein and Bret Johanneson (Credit); and Nadia Bonnet and Elena Klayn (Luxembourg).
New Mountain Capital Completes $15.4 Billion Fundraising
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Simpson Thacher is representing BTG Pactual in connection with its proposed acquisition of M.Y. Safra Bank, FSB. The transaction is subject to customary closing conditions. BTG Pactual is the largest investment bank in Latin America and operates across several segments including Investment Banking, Corporate Lending and Business Banking, Sales and Trading, Wealth Management and Personal Banking and Asset Management. In the U.S. it currently provides asset management and broker dealer services to individual and institutional clients. At the end of March 2024, BTG Pactual managed more than USD 327.4 billion of assets for clients worldwide, with equity of USD 10.4 billion and total assets of USD 113.6 billion. M.Y. Safra is a Federal Savings Bank that is privately owned and headquartered in New York City, where it focuses on providing innovative products and solutions to personal, business and private banking clients, as well as lending in the commercial and residential real estate markets. Clients include high net worth individuals, family offices and businesses. The Simpson Thacher team includes Grenfel Calheiros, Ravi Purushotham, Malik Ladhani, Isaac Cattan and Doug Ogata (M&A); Lee Meyerson, Amanda Allexon, Spencer Sloan and James Fine (Bank Regulatory); Jeannine McSweeney, Laura Gallo and Mtume Sangiewa (Executive Compensation and Employee Benefits); Jonathan Goldstein and Adam Hersch (Tax); Lori Lesser, Corina Holland and Sarika Pandrangi (Intellectual Property); and Krista McManus (Real Estate).
BTG Pactual to Acquire M.Y. Safra Bank
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