Patrick Scott

Simpson Thacher is representing KKR in connection with its acquisition of A-Gas, a leading expert in the lifecycle management of specialty gases and chemicals, from LDC. The transaction is subject to customary closing conditions.~~The Simpson Thacher team includes Clare Gaskell, Till Lefranc, Charles Leeming, Rita Soares and John Lim (Corporate); David Vann, Étienne Renaudeau and Patrick Scott (Antitrust); Shahpur Kabraji, Lucy Jenkins and Max Rigden (Credit); and Meredith Jones and Andrew Purcell (Tax).

Jun 23

1 min

Simpson Thacher represented Gates Industrial Corporation plc in connection with its initial public offering of 44,275,000 ordinary shares (including shares sold pursuant to the underwriters’ exercise in full of their over-allotment option) at a public offering price of $19 per share, which raised gross proceeds of over $841 million. Gates’ ordinary shares began trading on the New York Stock Exchange under the ticker symbol “GTES” on January 25, 2018.~~Gates, a portfolio company of The Blackstone Group L.P., is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment manufacturers as specified components.~~Citigroup, Morgan Stanley and UBS Investment Bank acted as joint bookrunning managers for the offering.~~The Simpson Thacher team included Edgar Lewandowski, Jon Ozner, Ben Heriaud, Ronnie Lim and David Baruch (Capital Markets – New York); Clare Gaskell, Ben Squires and Patrick Scott (Corporate – London); Greg Grogan, Jeannine McSweeney and Jake Phillips (Executive Compensation and Employee Benefits); James Rapp and Shari Ness (Public Company Advisory Practice); Anthony Vernace and David Acquay (M&A); Brian Gluck, Michael Vernace, Jonathan Zane and Bob Zhao (Credit); Gary Mandel and Sophie Staples (Tax); Lori Lesser and Kate Stein (Intellectual Property); and Adeeb Fadil and Noreen Lavan (Environmental).  Jeanne Annarumma, Steven DeLott and Jennie Getsin also provided invaluable assistance.

Jan 30

1 min

The Firm is advising KKR in connection with its latest investment in Darktrace Limited, the cybersecurity company headquartered in Cambridge, England. Darktrace is raising $75 million of new equity from existing investors, including KKR, and a new investor, Insight Venture Partners. KKR originally invested in Darktrace in 2016.~~The transaction is expected to close by the end of July 2017.~~The Simpson Thacher team includes Clare Gaskell, Neil Evans and Patrick Scott (M&A); Joseph Tootle (Tax); David Vann and Étienne Renaudeau (Antitrust); and Jeff Ostrow (IP).

Jul 13

1 min

The Firm is representing KKR in connection with the sale of its entire remaining stake in Visma, a software services provider headquartered in Norway, to a consortium of investors comprising Hg Capital, ICG, Montagu and GIC. Cinven, an existing shareholder in Visma, sold 40% of its stake alongside KKR.~~The transaction, which values Visma at $5.3 billion and is considered the largest ever software buyout in Europe, is subject to customary closing conditions.~~The Simpson Thacher team includes Greg Conway, Sven-Frode Frølund and Patrick Scott (M&A); Lucy Jenkins (Credit); Meredith Jones and George Davis (Tax); and David Vann (Antitrust).

Jun 29

1 min

Simpson Thacher represented Aston Martin in connection with an offering of £55 million in additional aggregate principal amount of its existing 5.75% Senior Secured Notes due 2022. The transaction closed on December 13, 2017. The net proceeds of the offering will be used to finance the acquisition of AM Brands Limited, which owns the rights to the non-automotive use of the Aston Martin brands.~~The Simpson Thacher team included Gil J. Strauss and Uma Sud (Capital Markets); Patrick Scott (Corporate); and Lucy Jenkins (Credit).

Dec 13

1 min