Simpson Thacher Represents Blackstone in Investment in VISA Power
08.03.11
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Simpson Thacher is representing an affiliate of the Blackstone Group in connection with its recently announced INR 5,000 million (approximately US$ 111 million) investment in VISA Power Limited (“VISA Power”). VISA Power is an independent power producer in India, which has 2,520 MW in advanced stages of development, and a further pipeline of 5,280 MW in early stages of development. VISA Power is part of the INR 50 billion (US$ 1.1 billion) VISA Group, which is a minerals, metals and energy conglomerate with business interests in steel, power, mining, international trading, shipping and logistics.
The Simpson Thacher team included Mike Wolfson and Sinjini Saha (Corporate/M&A).