Clare Gaskell

Corporate Partner Clare Gaskell was named “M&A Lawyer of the Year” at Euromoney’s Women in Business Law EMEA Awards for 2024. Clare was recognized for her work advising KKR on several market-shaping deals, including its recommended offer for Smart Metering Systems and its sale of a majority stake in A-Gas, among other achievements.~~Held annually, Euromoney’s Women in Business Law Awards recognize leading women and law firms for their contributions to the practice of business law. To learn more, and to view the full list of winners, please click here.

Jun 27

1 min

Simpson Thacher represented Gates Industrial Corporation plc (“Gates”) in connection with a secondary offering of ordinary shares by selling shareholders affiliated with Blackstone Inc. The offering of 20,125,000 ordinary shares of Gates, which included the full exercise of the underwriters’ option to purchase 2,625,000 additional shares, raised $242 million in proceeds to the selling shareholders. Gates also effected a $50 million share repurchase of 4,151,100 ordinary shares pursuant to a share repurchase contract with Citigroup Global Markets Inc., who in turn purchased such ordinary shares from the selling shareholders.~~Gates 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. Gates’ products are used in applications across numerous end markets, including: automotive replacement and first-fit; diversified industrial; industrial off-highway; industrial on-highway; and personal mobility.~~The Simpson Thacher team included Edgar Lewandowski and Sydney Mark (Capital Markets); Mimi Cheng, Emma Light, Eszter Boldis and Matthew Galla (Backleverage Financing); Clare Gaskell, Vishaal Patel and Sam Moon (Corporate – London); Andrew Purcell and Kris Liu (Tax – New York); Yash Rupal, Sarah Lindley and Phoebe Adams (Tax – London); and Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice).

Feb 22

1 min

Simpson Thacher represented BTG Pactual US Capital, LLC, Banco Bradesco BBI S.A., Citigroup Global Markets Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and Banco Safra S.A. (acting through its Cayman Islands Branch) as dealers in connection with the offering by Banco BTG Pactual S.A., acting through its Cayman Islands branch (“BTG Pactual”), of US$500 million 6.250% Senior Notes due 2029 (the “Bonds”). The Bonds were issued under BTG Pactual’s MTN Programme, in reliance on Rule 144A and Regulation S.~~BTG Pactual is a financial institution with origin and headquarters in Brazil, acting in the main Latin American markets. The proceeds of the offering will be used for general corporate purposes.~~The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Luiz Noronha and Raissa Fini (Capital Markets – São Paulo); Clare Gaskell and Sean Macdonald (Capital Markets – London); Jonathan E. Cantor and Kris Liu (Tax).

Aug 4

1 min

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in the debut 144A/Regulation S offering of US$525,000.000 million aggregate principal amount of 8.375% Senior Notes due 2029 and US$525,000,000 million aggregate principal amount of 8.750% Senior Notes due 2032 by AAG FH UK Limited and Global Auto Holdings Limited. The net proceeds from the offering were used to refinance certain outstanding indebtedness.~~Global Auto Holdings Limited (“GAHL”), operating in North America through Alpha Auto Group, is the largest Canadian-based auto retail group. In October 2023, GAHL completed the acquisition of Lookers plc, one of the United Kingdom’s largest auto retailer groups with locations across England, Scotland, Ireland and Northern Ireland. On a combined basis, GAHL owns over 160 franchise dealerships on a global basis, representing over 35 of the world's top vehicle manufacturers.~~The Simpson Thacher team included John C. Ericson, Ben Heriaud, Alex Michael and Kelly Johnson (Capital Markets); Clare Gaskell, James Watson, Deborah Harris, Laura Harris, Ilaria Olivero and Dasha Bechade (née Chirkov) (Corporate – London); Jon Cantor and Paul Jansch (Tax – New York); Caleb McConnell and Sefia Jivraj (Tax – London); Jeanne Annarumma and Charlie Pfeifer (Executive Compensation and Employee Benefits); Lori Lesser and Mark Natividad (Intellectual Property); and Jennie Getsin (Blue Sky).

Jan 23

1 min

Simpson Thacher represented private capital financing sources supporting the acquisition by McIntyre Partners of Moreld Apply, Moreld Ross Offshore and Moreld Global Maritime (collectively “Moreld”) from HitechVision. Members of Moreld’s incumbent management and Velocity Partners will own minority stakes. Other terms were not disclosed.~~Moreld is a leading multi-disciplinary engineering group based in Norway that serves the offshore energy and marine sectors.~~McIntyre Partners and Velocity Partners are private equity firms focused on the energy, industrials and infrastructure sectors.~~The Simpson Thacher team included Brian Rosenzweig, Matt Hart, Rachel Lerman, Maggie Selbe, Mary Richardson and Adam Danciu (Alternative Capital); Matt Einbinder and Jason Hwang (Credit); Clare Gaskell and Laura Harris (UK Corporate); Jonathan Lindabury and Jakarri Hamlin (Derivatives); and Yash Rupal, Jon Cantor, Sefia Jivraj and Preston Irace (Tax).

Jan 17

1 min