News & Events

Simpson Thacher is representing an affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir in connection with their announced acquisition of 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction. The transaction is expected to close in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required...

Simpson Thacher is representing WW International, Inc. (“WeightWatchers” or the “Company”) in a comprehensive financial reorganization that will be implemented through a pre-packaged chapter 11 plan of reorganization. WeightWatchers and certain of its affiliates executed a restructuring support agreement on May 6, 2025 with holders of approximately 72% of the outstanding principal amount of the Company’s term loan facility, revolving credit facility and 4.5% senior secured notes, who have...

On May 6, 2025, Simpson Thacher secured a win for client El Puerto de Liverpool (“Liverpool”), a large Mexican retailer, in a dispute surrounding Liverpool’s participation in Nordstrom’s announced going-private merger. Plaintiff Eric Gilbert filed a motion for a preliminary injunction on April 18, 2025, seeking to enjoin the pending vote on the merger and the merger itself from closing, arguing that Liverpool and other members of the proposed buyer’s group had inadvertently tripped Washington’s...

Simpson Thacher is representing Capital Group in its strategic partnership with KKR as the organizations work together on opportunities to further broaden access to private market investment solutions.  As part of this partnership, Capital Group and KKR have announced the launch of two interval funds focused on credit strategies, Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+.  The two new interval funds employ a thoughtful and deliberate approach, designed from the ground up...

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 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...