The Firm is representing Blackstone in connection with its announced $5.4 billion acquisition of Gates Corporation from affiliates of Onex Corporation and Canada Pension Plan Investment Board. The transaction is expected to close later this year and is subject to customary conditions to closing.
Gates Corporation is a diversified industrial company that provides advanced power transmission and fluid transfer solutions to customers in five key end market segments: Energy/Exploration/Extraction, Infrastructure & Agriculture, Transportation, Automotive, and Process & Specialty.
The Simpson Thacher team includes: Wilson Neely, Anthony Vernace, Ben Schaye, Chris Vena, Leah Shen and Brian Novell (M&A); Alden Millard, Brian Gluck and Mitchell Ryan (Credit); Greg Grogan, Aimee Adler, Douglas Tang, Holly Gurian and Joo Hyun Lee (ECEB); Gary Mandel and Adam Wells (Tax); Ed Tolley and Jonathan Ozner (Capital Markets); Michael Wolitzer, Jonathan Karen, Peter Gilman, Carolyn Houston, Jeffery Lieberman and Steve Homan and David Daniels (Private Funds); Adeeb Fadil and Noreen Lavan (Environmental); Krista McManus and Kathryn Altomonte (Real Estate); Lori Lesser and Samantha Himelman (IP); Elisa Alcabes and Nicholas Barker (Insurance); and David Vann, Joe Tringali, Sara Razi, Étienne Renaudeau and Tara Kelly (Antitrust).