Payson Lyman is a Partner in Simpson Thacher’s Hybrid Capital Practice, where he represents alternative asset managers, private equity sponsors, private credit funds and companies in domestic and cross-border transactions. His practice focuses on hybrid capital and preferred equity transactions, bespoke capital solutions, mergers and acquisitions, leveraged buyouts, divestitures, carve-outs, growth equity investments, joint ventures and general corporate matters. Payson advises on complex liquidity and capital structure solutions, event-driven and opportunistic investments, and other special situations transactions across a broad range of industries. He has advised leading alternative asset managers and private capital investors, including Bain Capital, General Atlantic Credit, TA Associates, The Carlyle Group, Kennedy Lewis Investment Management, Davidson Kempner and Charlesbank Capital Partners.
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Work Highlights
Notable experience prior to joining Simpson Thacher includes advising:
- Bain Capital in its investments in Carson Group and Surf Broadband Solutions
- General Atlantic Credit’s Atlantic Park Fund in its investment in PlanetArt
- The Carlyle Group in connection with its investment in Manna Pro Products
- Davidson Kempner Capital Management in connection with various hybrid capital investments
- TA Associates in its investment, alongside GI Partners, in Netsmart Technologies, Inc.
- Kennedy Lewis Investment Management in connection with a $1.3 billion secured term loan facility for FTAI Infrastructure Inc.
- Beach Point Capital in a hybrid capital financing to support the acquisition of a global brand licensing agency by a newly formed joint venture
Education
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Georgetown University Law Center, 2014 J.D.
magna cum laude
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University of Wisconsin-Madison, 2009 B.A.
Payson Lyman is a Partner in the Firm’s Hybrid Capital Practice. Based in Boston, he represents alternative asset managers, private equity sponsors, private credit funds and companies in domestic and cross-border transactions. His practice focuses on hybrid capital and preferred equity transactions, bespoke capital solutions, mergers and acquisitions, leveraged buyouts, divestitures, carve-outs, growth equity investments, joint ventures and general corporate matters. Payson advises on complex liquidity and capital structure solutions, event-driven and opportunistic investments, and other special situations transactions across a broad range of industries. He has advised leading alternative asset managers and private capital investors, including Bain Capital, General Atlantic Credit, TA Associates, The Carlyle Group, Kennedy Lewis Investment Management, Davidson Kempner and Charlesbank Capital Partners.
Notable experience prior to joining Simpson Thacher includes advising:
- General Atlantic Credit’s Atlantic Park Fund in its investment in PlanetArt
- Davidson Kempner Capital Management in connection with various hybrid capital investments
- Kennedy Lewis Investment Management in connection with a $1.3 billion secured term loan facility for FTAI Infrastructure Inc.
- Beach Point Capital in a hybrid capital financing to support the acquisition of a global brand licensing agency by a newly formed joint venture
- Bain Capital in its investment in Carson Group
- Bain Capital in its investment in Surf Broadband Solutions
- Bain Capital in its investment in Varsity Brands
- Bain Capital in the sale of its JV interests in IVS Bulk
- Bain Capital in its carve-out acquisition of Diversey Care from Sealed Air
- The Carlyle Group in its investment in Manna Pro Products and multiple bolt-on acquisitions
- The Carlyle Group in its investment in a leading fitness and health business
- The Carlyle Group and TA Associates in connection with the recapitalization of PurposeBuilt Brands
- The Carlyle Group and TA Associates in connection with their investment in Weiman Products
- The Carlyle Group and Spectrum Equity in the sale of Extreme Reach to Gamut Capital Management
- TA Associates in its investment, alongside GI Partners, in Netsmart Technologies, Inc.
- TA Associates and its portfolio company, RLDatix, in its acquisition of Quantros Patient Safety Business
- TA Associates and its portfolio company, RLDatix, in its investment in Verge Health
- TA Associates and its portfolio company, RLDatix, in its acquisition of iContracts
- TA Associates and its portfolio company, insightsoftware, in its investment in Excel4apps
- TA Associates in its investment in Gamma Technologies
- TA Associates in its investment in Russel Investments
- Abry Partners in its investment in Millennium Trust Co.
- Abry Partners in its investment in Franklin Energy Group
- Abry Partners and its portfolio company, Franklin Energy Group, in its acquisition of Build it Green’s utility business
- Gemspring Capital in its investment in Midland Industries, LLC
- Gemspring Capital and its portfolio company, Amplix, in its investment in Inflow Communications LLC
- Silversmith Capital Partners in its investment in Microblink
- Silversmith Capital Partners in its investment in Webflow
- Silversmith Capital Partners in its investment in DistroKid
- Silversmith Capital Partners in its investment in Unily
- Nexus Capital Management in its carve-out acquisition of the Natural Balance business from J.M. Smucker
- TZP Group in its investment in Saatva
- TZP Group in its investment in Re-Bath
- Charlesbank Capital Partners in its investment in Polyconcept
- Charlesbank Capital Partners in the sale of Peacock Foods
- Charlesbank Capital Partners in its investment in Tecomet
- Charlesbank Capital Partners in its investment in QC Supply
- TPG Growth in its investment in Denali Water Solutions
- Warburg Pincus in its investment in Salsify, Inc.
- American Securities in connection with its investment in SimonMed
- Barings in its recapitalization of Milestone Equipment Holdings
- Wheels Up, Inc. in the sale of its aircraft management business
- Avista Capital Partners in its investment in Solmetex
- Barentz International in its investment in Maroon Group
- 3i Group plc in its investment in International Cruise & Excursions, Inc.
- OmniClaim in its sale to Equian, a portfolio company of New Mountain Capital
- Nautic Partners in its investment in Lifeskills South Florida
Payson received his J.D., magna cum laude, from Georgetown University Law Center in 2014. He received his B.A. from University of Wisconsin-Madison in 2009. He is admitted to practice in Massachusetts.