Simpson Thacher is representing Blackstone and its portfolio company Sphera in connection with a significant growth investment in Sphera by client funds of Neuberger Berman Capital Solutions. Blackstone will retain its majority stake in Sphera. Terms of the investment were not disclosed.
Sphera is a leader in sustainability and operational risk management software, data and consulting services for the world’s most successful companies. Its solutions cover Environment, Health, Safety & Sustainability (EHS&S), Process Safety, Product Stewardship and Supply Chain Transparency.
The Simpson Thacher team includes Elizabeth Cooper, William Allen, Iliana Karaoglan, Jack Parsons and Aaron Mashian (M&A); Jonathan Ozner, Lia Toback, Jessica Ryan and Jeryne Fish (Capital Markets); Sophie Staples, Edward Grais and Angela Sbano (Tax); Gregory Grogan, Gary Tashjian and Guanxiong Xu (Executive Compensation & Employee Benefits); Brian Gluck and Adam Moss (Banking & Credit); Lori Lesser and Kate Mirino (IP); and Krista McManus (Real Estate).