Tory Hansen

Simpson Thacher advised KKR, a leading global investment firm, and Global Technical Realty (“GTR”), a multi-billion dollar European built-to-suit data center platform, in connection with KKR’s additional $1.5 billion equity commitment into GTR. In connection with this investment, Oak Hill Capital (“Oak Hill”), a thematic, middle-market private equity firm, will join as an investor in the company, committing approximately $400 million. The new commitments from KKR and Oak Hill will support GTR’s substantial development pipeline, including additional greenfield capacity and new market entries across Europe to meet rising demand for high-performance and power-dense compute and cloud infrastructure. With a growing operating team and multiple projects already in execution, GTR is positioned to scale rapidly across Europe as demand for AI-ready data center capacity continues to accelerate. The Simpson Thacher team consisted of Breen Haire, Katy Lukaszewski, David Bumgardner, Eric Zhi, George Smith and Matt Warren (M&A), David Rubinsky, Caitlin Lucey and Josh Goldman (ECEB); Nancy Mehlman, Yash Rupal and Matthew Lester (Tax); Ron Ben-Yehuda (Intellectual Property); and Dennis Loiacono (Real Estate).

Aug 1

1 min

Simpson Thacher is advising Antler EquityCo S.à r.l. (“Antler”), which is controlled by funds advised by Apax Partners LLP (“Apax”), in connection with the sale of 40 million ordinary shares in the capital of Baltic Classifieds Group PLC (“BCG”) at a price of 231 pence per share by way of an accelerated bookbuild to institutional investors, raising gross sale proceeds of approximately £92.4 million. BCG is listed on the main market of the London Stock Exchange.~~The sale follows the previous sale by Antler of (i) 25 million ordinary shares in the capital of BCG in January 2024; (ii) 21.5 million ordinary shares in the capital of BCG in March 2024; and (iii) 27 million ordinary shares in the capital of BCG in May 2024.~~The Simpson Thacher team includes James Howe, Lucy Gillett, Deborah Harris and Tory Hansen (Corporate).

May 6

1 min

Private equity shop American Securities on Tuesday announced that it has agreed to sell two of its portfolio companies to U.K.-based Rosebank Industries Plc in a deal that boasts an enterprise value of $3.25 billion and was built by three firms. American Securities is selling CPM Holdings Inc. and ASP MWI Holdings Inc. with its subsidiaries operating under the MW Components brand for $3.05 billion, with a potential earnout payment of up to an additional $200 million, according to a Tuesday statement. American Securities is selling CPM Holdings Inc. and ASP MWI Holdings Inc. with its subsidiaries operating under the MW Components brand for $3.05 billion, with a potential earnout payment of up to an additional $200 million, according to a Tuesday statement. Weil Gotshal & Manges LLP advised CPM, MW Components and American Securities; Hunton Andrews Kurth LLP also advised MW Components, and Simpson Thacher & Bartlett LLP advised Rosebank Industries. Headquartered in Blaine, Minnesota, CPM designs and makes highly engineered process equipment and automation systems. It serves a global customer base operating through three main segments: industrial solutions, engineered solutions, and process solutions mainly serving the animal feed, oilseed processing, renewable energy, food, and other industrial markets, according to Tuesday's statement. American Securities first invested in CPM in November 2018. "American Securities has been an outstanding partner," said CPM CEO Dave Webster. "Their deep industrial expertise and active operational engagement enabled us to elevate our customer offering, broaden our capabilities, and further strengthen our organization. We are excited to carry that progress forward as we embark on this new chapter with Rosebank." Headquartered in Charlotte, North Carolina, MW Components makes highly engineered bespoke fasteners, springs, and precision metal components. American Securities first invested in MW Components in 2017, the statement said. "American Securities has played an instrumental role in MW Components' evolution," said MW Components CEO Thomas Amato. "Over the years, American Securities has brought thoughtful guidance and operational rigor to support the company's key growth and strategic repositioning initiatives. Their partnership has positioned MW Components well for continued success in the years ahead." American Securities said it has partnered with both companies to speed up growth, improve operational effectiveness, and strengthen its competitive positioning. "It has been a true privilege to partner with these exceptional management teams," said American Securities Founder and CEO Michael Fisch. "With Dave Webster's leadership at CPM and Tom Amato's leadership at MW Components, both businesses have built durable platforms for sustained success. We are confident that CPM and MW Components are well positioned to build on their momentum and pursue their next phase of growth with Rosebank." For Rosebank, the company said the deal represents the next step in its "buy, improve, sell" strategy for creating shareholder value. "This transaction represents the next step of the Rosebank journey … MW Components and CPM are high-quality businesses with much unrealised potential, and we are confident that our proven approach will unlock substantial value for shareholders," said Rosebank CEO Simon Peckham. "We are grateful for the strong and continued support from our shareholders and look forward to delivering." The Simpson Thacher team advising Rosebank was led by partners Keegan Lopez and Lucy Gillett. The Weil team advising American Securities, MW Components, and CPM was led by partners Ryan Taylor and Michael Lubowitz and included David Avery-Gee and Sarah Flaherty. The Hunton team advising MW Components was led by M&A partners Austin Maloney and Doug Granger.

Mar 3

3 min

Simpson Thacher is advising funds affiliated with Blackstone Infrastructure Partners in connection with the voluntary tender offer aimed at acquiring all of the outstanding ordinary shares of Atlantia S.p.A for consideration equal to €23 for each share tendered. The offer is made through Schemaquarantatrè S.p.A., a joint stock company comprised of Sintonia, which is owned by Edizione S.p.A., and funds affiliated with Blackstone Infrastructure Partners.~~The Simpson Thacher team includes Geoff Bailhache, James Campisi, Paul Foote, Tory Hansen and John Nalen (Corporate); Claire Williams, Gert Raig, Kavita Davis, Ashley Bannister and Tom Lort (Finance); Nick Shaw and William Taylor (Capital Markets); Étienne Renaudeau, Ross Ferguson and Silvia Bonomelli (Antitrust); Owen Lysak (Regulatory); and Yash Rupal and Caleb McConnell (Tax).

Apr 14

1 min

Simpson Thacher is representing EQT Infrastructure V fund in connection with its acquisition of InstaVolt, the U.K.’s fastest-growing independent rapid electric vehicle charging operator, from Zouk Capital. Financial terms of the transaction were not disclosed.~~Founded in 2016, InstaVolt is an owner and operator of rapid electric vehicle charging infrastructure with a U.K.-wide network of approximately 700 charge points. InstaVolt’s charge points are most often situated at retail, food, beverage and forecourt sites, and current partners include McDonald’s, Costa Coffee and Booths (among others). EQT Infrastructure is committed to invest significantly to accelerate InstaVolt’s expansion of charge points across the U.K., and support the mission to roll out 10,000 rapid EV chargers by 2032.~~The Simpson Thacher team includes Amy Mahon, Paul Foote, Antony Freeman and Tory Hansen (M&A); Sarah Lane (Tax); and Etienne Renaudeau and Ross Ferguson (Antitrust).

Apr 3

1 min