News & Events

Simpson Thacher advised KKR in connection with its acquisition of the Korean cosmetics packaging company Samhwa Co., Ltd. from TPG, an alternative asset management firm, at a valuation of KRW 733 billion (approximately USD $528 million). Founded in 1977 as a mold development and manufacturing company, Samhwa has grown to become a leading cosmetic packaging supplier, providing comprehensive packaging solutions for the high-end cosmetics industry, serving more than 300 cosmetic brands that...

The Firm represented Platinum Equity in connection with the formation and fundraising of Platinum Equity Small Cap Fund II, L.P. (Small Cap II), its latest fund focused on investment opportunities in the lower middle market. The fund exceeded its target size of $1.75 billion and closed with $2.28 billion in commitments.  Small Cap II marked Platinum Equity's second successful capital raise in back-to-back years. The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4...

On September 2, 2025, the Firm secured a victory on behalf of Deutsche Bank when U.S. District Judge Valerie Caproni dismissed an antitrust lawsuit accusing 10 large banks of conspiring to rig corporate bond prices at the expense of ordinary investors. Plaintiffs had charged defendants with “remarkable parallel pricing in terms of odd-lots versus round lots” that they claimed could “only be explained by anticompetitive behavior.” In dismissing the case with prejudice, Judge Caproni said that...

Simpson Thacher advised Blackstone Strategic Partners in connection with the formation and raising of approximately $5.5 billion for its latest infrastructure secondaries fund, Strategic Partners Infrastructure IV L.P., and its related committed program vehicles. Blackstone Strategic Partners provides a range of solutions across illiquid asset classes for investors and financial sponsors, including LP liquidity solutions and GP-focused solutions such as GP-led secondaries and...

Simpson Thacher advised AirTrunk in connection with its S$2.25 billion (approximately US$1.75 billion) green loan in Singapore to support the development of a new hyperscale data center, AirTrunk SGP2. This transaction is Singapore’s largest-ever loan and green loan for a data center. The financing begins as a green loan and includes an option to transition into a sustainability linked loan (SLL). All financial incentives from the loan will be directed to AirTrunk’s social impact fund,...

Simpson Thacher is representing Blackstone in connection with its acquisition of Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction. Terms of the transaction were not disclosed. Enverus is the energy industry’s most trusted...

Simpson Thacher represented WW International, Inc. (“WeightWatchers” or the “Company”) in connection with its pre-packaged chapter 11 plan of reorganization, which received approval from the United States Bankruptcy Court for the District of Delaware on June 17, 2025. On June 24, 2025, the Company exited the court-supervised financial reorganization process. The court-approved plan reduces WeightWatchers’ debt by approximately $1.15 billion, more than 70%, and significantly strengthens its...