Simpson Thacher represented affiliates of Apax Partners in their capacity as selling stockholder, in connection with a secondary offering of common stock of OPENLANE, Inc. The offering raised approximately $274.9 million to the selling stockholder.
OPENLANE is a leading digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe to facilitate fast, easy and transparent transactions.
The Simpson Thacher team included Ken Wallach, Sunny Cheong, Emma Brown, Sabrina Suen and Ye Joo Lee (Capital Markets); Jakob Rendtorff, Keegan Lopez, Luca Tomasi and Daniel Tiley (M&A); Sophie Staples and Michael Mann (Tax); and James Rapp (Public Company Advisory Practice).