Andrew Mandelbaum

Simpson Thacher represented Indus Valley Partners (IVP) in connection with a strategic minority growth investment from PPC Enterprises (PPC), a middle-market private equity firm. Through this transaction, PPC will serve as IVP’s first strategic partner, supporting IVP’s organic growth and acquisition strategy and expanding IVP’s capabilities and addressable market.~~IVP is a leading global provider of software and technology solutions to investment managers. Headquartered in New York and Noida, India, IVP has over $4.2 trillion of AUM managed using its technology and over $1.6 trillion of AUM reported through its regulatory reporting platform.~~The Simpson Thacher team included Timothy Gaffney, Sven Mickisch, Makala Kaupalolo, Lawrence Page, Michael Chen and Sebastian Edin (M&A); Larry Moss, Andrew Kofsky, Radhika Tahiliani and Mtume Sangiewa (Executive Compensation and Employee Benefits); Andrew Purcell, Andrew Mandelbaum, Shareef Salfity and Jiha Min (Tax); Christine Marshall (Credit); and Lori Lesser and Bobbie Burrows (IP). Summer Associate Jake Parsons also provided valuable assistance.

Jun 20

1 min

Simpson Thacher is representing DC BLOX in connection with its raise of incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit.~~DC BLOX is a digital infrastructure provider in the Southeast that delivers integrated data center and fiber network solutions at scale to enable hyperscalers, enterprises, communications providers, and technology companies to offer enhanced digital services to their customers and accelerate the region’s economic growth.~~The funding will enable the deployment of over $1 billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s market position as a hyperscale-ready data center platform.~~The Simpson Thacher team includes Gabriel Silva, David Goodman and Isabella Correa (M&A); Hui Lin and Joann Kim (Capital Markets); Drew Purcell, Andrew Mandelbaum, Tova Pfeffer and Eva Gao (Tax); and David Rubinsky and Alisa Tschorke (ECEB).

Sep 10

1 min

Simpson Thacher represented Ingersoll Rand Inc. (NYSE: IR) in its divestiture of its legacy asbestos liability through its sale of wholly-owned subsidiaries holding these liabilities and related insurance assets to Delticus Group (“Delticus”).~~Ingersoll Rand is a global provider of mission-critical flow creation and industrial solutions, which it sells across multiple attractive end-markets within the industrial, energy and medical industries.~~Delticus is a leading, institutionally capitalized corporate liability acquisition platform that specializes in acquiring and managing long-tail legacy corporate liabilities. Delticus is owned by entities affiliated with Third Point LLC.~~The Simpson Thacher team includes Ravi Purushotham, Keegan Lopez, Cathleen Ye and Josh Brachfeld (M&A); Jamie Fell (Corporate Restructuring); and Andrew Purcell, Andrew Mandelbaum and Mohanad Salaimi (Tax).

Nov 6

1 min

Simpson Thacher is representing NTT Global Data Centers Americas, Inc. (“NTT GDCA”), in connection with an investment by TC Global Investments Americas LLC (“TC”) in three large-scale hyperscale data centers owned and operated by NTT GDCA in Chicago with a total planned capacity of 104MW. Closing of the transaction is subject to customary closing conditions.~~NTT GDCA is a division of the Japanese conglomerate NTT Group, which is the world’s third largest data center provider with 148 data centers in over 20 countries worldwide. TC is a member of Tokyo Century Corporation’s group, a Japanese conglomerate operating leasing, a founding business, and other high value-added financial services through co-creation with partner companies.~~The Simpson Thacher team includes Gabriel Silva, Gabriela Astolphi, Noritaka Kumamoto, Chan Ho Park, Dashia Kwok, Douglas Ogata, Fernao Castro and Larissa Gebrim (M&A); Andrew Purcell, Andrew Mandelbaum and Eva Gao (Tax); and Karen Kazmerzak, Kelly Karapetyan and Pauline Patat (Antitrust).

Sep 2

1 min

The Firm recently represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as initial purchasers, in connection with the issuance and sale by the Dominican Republic of US$750,000,000 aggregate principal amount of its 6.600% Bonds due 2036, US$500,000,000 aggregate principal amount of its 7.050% Bonds due 2031 and DOP$105,000,000,000 aggregate principal amount of its 10.750% Bonds due 2036. The 7.050% Bonds due 2031 represented additional securities of a series that had been issued in the aggregate principal amount of US$700,000,000 in February 2023. The sovereign debt offerings were conducted in reliance on the exemptions from registration under Rule 144A and Regulation S.~~The Firm also represented Citigroup and J.P. Morgan as dealer managers in connection with the repurchase by the Republic of a portion of its outstanding 5.500% Bonds due 2025 in a concurrent cash tender offer.~~The proceeds from the offerings were used to pay the consideration for the bonds that were validly tendered and accepted in the tender offer, with the remainder for general purposes of the Government of the Republic, including the partial financing of the 2024 Budget. In addition, the Republic intends to allocate an amount equal to the net proceeds from the 6.600% Bonds due 2036 to fund budgetary programs that qualify as “eligible green expenditures” under the Republic’s Green, Social, and Sustainability Bond Framework.~~The Simpson Thacher team included Juan F. Mendez, Kirsten L. Davis, José M. Colin and Matias Allende (Capital Markets); Michael Mann and Andrew Mandelbaum (Tax).

Jul 16

1 min