Simpson Thacher represented Blackstone in its investment to launch Falcata, a defense technology company formed through Blackstone’s acquisitions of Technology Services Corporation (“TSC”) and Applied Systems Engineering, Inc. (“ASEI”). Financial terms of the transaction were not disclosed.
Falcata develops and produces mission-critical sensing, guidance, navigation and control technologies for missile defense and other national security missions. The combination of TSC and ASEI under one unified platform brings together complementary technologies across the interceptor guidance chain to strengthen America’s industrial capacity and help meet the growing demand for cost-effective national security missions.
The Simpson Thacher team included Anthony Vernace, Mark Viera, Oleg Stratiev, Quinn Cronan, Christian Eckel, Michel Stuebi, Jaylen Amaker and Rebecca Bitar (M&A); Greg Grogan, Ashlie Lawton and Hazel Yang (Executive Compensation and Employee Benefits); Sophie Staples, Ruoxi Zhang and Benjamin Bressler (Tax); Ron Ben-Yehuda and Chandler Gerard-Reimer (Intellectual Property); Toby Chun and Erin Magoffie (Environmental); Dennis Loiacono (Real Estate); Peter Guryan, Kelly Karapetyan and Richard Jamgochian (Antitrust); Brian Gluck, Adam Moss, Gordon Lee, Emily Barber, Kaitlin Dunne and Catherine Tran (Credit); Matt Feehily, Carina Mitchell and Chayla Sherrod (ESG); and Will Golden (Capital Markets).