Simpson Thacher represented Sixth Street in an agreement to acquire Global Lending Services. Terms of the transaction were not disclosed.
GLS is a specialist in automotive financing, serving franchise and independent auto dealerships throughout the country. GLS partners with more than 19,000 dealers and, since its founding in 2012, has originated over $22 billion in auto loans.
The Simpson Thacher team included Ravi Purushotham, Jeffrey MacDonald, Jack Johanning, Alison Chang and Mikayla Ullrich (M&A); Tristan Brown, Harry Hudesman, Guanxiong Xu and Taylor Todd (ECEB); Caroline Phillips, Sophie Staples, George Rhein and Roberto Arza (Tax); Niels Jensen and Nick de Bres (Securitization); Hui Lin, Nate Yang and Sandra Cho (Capital Markets); Eli Isak, Patrick Wolff, Austin Vance and Sally Choi (Credit); James Talbot and Christine Song (Intellectual Property).