Simpson Thacher is representing NAVEX in connection with its sale of a majority stake in NAVEX to a consortium led by Goldman Sachs Alternatives, including funds managed by Blackstone’s private equity strategy for individual investors. The transaction, subject to customary closing conditions, is expected to close later this year.
NAVEX is a leading global ethics, risk and compliance management software-as-a-service provider. Under the terms of the agreement, the Private Equity business at Goldman Sachs Alternatives will take a majority shareholding in the company. Blackstone will also become a significant minority shareholder. Funds managed by BC Partners will retain a significant minority shareholding to support NAVEX’s future growth. Additional terms of the transaction were not disclosed.
The Simpson Thacher team includes Anthony Vernace, Mark Viera, David Goodman and Natasha Kandi (M&A); Sophie Staples, George Rhein and Benjamin Bressler (Tax); Gregory Grogan, Ryan Stott and Sara Mazurek (Executive Compensation and Employee Benefits); Eli Isak and Kyle Nelson (Banking and Credit); Lori Lesser and Christian Bond (Intellectual Property); Peter Guryan, Richard Jamgochian and Jamie Logie (Antitrust); Mick Tuesley, Mark Skerry, Jennifer Ho and Liam Murray (Foreign Direct Investment); and Dennis Loiacono (Real Estate).