Simpson Thacher Represents Bank of America in Connection with Financing for ARRIS Group’s Acquisition of Pace
04.23.15
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Simpson Thacher recently represented Bank of America, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with approximately $2.5 billion of committed financing to ARRIS Group, Inc. (NASDAQ: ARRS) in its announced acquisition of Pace plc (LSE: PIC) for aggregate stock and cash consideration of approximately $2.1 billion (£1.4 billion). The transaction will result in the formation of New ARRIS, which will be incorporated in the U.K. and have operational and worldwide headquarters in Suwanee, Georgia.
ARRIS is a video and broadband technology company. Pace plc is a technology developer for payTV and broadband service providers.
The Simpson Thacher team for this transaction included J.T. Knight, James Doyle, Sarah M. Elliott and Matthew H. Leighton (Banking and Credit – New York, DC); Euan Gorrie and Linn Mayhew (Banking and Credit – London); Clare Gaskell and Rebecca Jack (Corporate - London); Andrew Purcell (Tax); Mardi Merjian (Real Estate); Jonathan Pall (UCC); and Jasmine Kaufman (IP).