Deborah Harris

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 approximately 63 million ordinary shares in the capital of Baltic Classifieds Group PLC (“BCG”) at a price of 247 pence per share, raising gross sale proceeds of approximately £156 million. This represents a full exit by Antler of its position in BCG, which is listed on the main market of the London Stock Exchange.~~The sale comprises (i) approximately 59 million ordinary shares of BCG sold by Antler by way of an accelerated bookbuild to institutional investors, raising gross sale proceeds of approximately £146 million, and (ii) 4.2 million ordinary shares of BCG sold by Antler to BCG by way of an off-market purchase, for approximately £10 million, pursuant to a contract between Antler and BCG, which was approved by the shareholders of BCG at its Annual General Meeting on September 27, 2023.~~The Simpson Thacher team included James Howe, Lucy Gillett, Deborah Harris and Tory Hansen (U.K. Corporate); and Nicholas Shaw and Julia Szinovatz (U.S. Corporate).

Jul 18

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

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 is representing Rosebank Industries plc (“Rosebank”) in connection with its application for admission to trading on the AIM Market of the London Stock Exchange and its placing of 20,000,000 ordinary shares at 250 pence per share, which has successfully raised gross proceeds of £50 million.~~The Rosebank co-founders are previous leading members of the senior management team of Melrose Industries PLC and intend to recreate the same successful ‘Buy, Improve, Sell’ business model which they pursued at Melrose. Rosebank proposes to acquire quality industrial or manufacturing businesses with an indicative enterprise value of up to approximately US$3 billion whose performance may be improved. Rosebank will then invest heavily to improve the performance of any such business, typically over a three- to five-year investment horizon, before selling it to a new owner for the next stage of its development, and returning the net cash proceeds to shareholders.~~The Simpson Thacher team includes Adam Signy, Lucy Gillett, Deborah Harris, Jewel Zhu and Sam Moon (Corporate – U.K.); Nick Shaw, Uma Sud and Iakovos Anagnostopoulos (Corporate – U.S.); Yash Rupal and Oliver Rosshandler (Tax – U.K.); and Meredith B. Jones and William J. Smolinski (Tax – U.S.).

Sep 7

1 min

Simpson Thacher represented the underwriters, led by Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, HSBC Bank plc, ING Bank N.V. and J.P. Morgan Securities plc, in connection with the offering by Equinix Europe 2 Financing Corporation LLC (the “Issuer”), an indirect, wholly-owned subsidiary of Equinix, Inc. (the “Company”), of €600 million aggregate principal amount of the Issuer’s 3.650% Senior Notes due 2033, fully and unconditionally guaranteed by the Company on an unsecured basis (the “Notes”).~~The Company intends to allocate an amount equal to the net proceeds from the offering of the Notes to finance or refinance, in whole or in part, one or more eligible green projects. Pending full allocation of an amount equal to the net proceeds of the offering of the Notes, the net proceeds may be used in accordance with the Company’s general treasury policy and be held in cash, cash equivalents and/or U.S. government securities or used to repay existing borrowings and upcoming maturities.~~The Company is the world’s digital infrastructure company. Digital leaders harness the Company’s trusted platform to bring together and interconnect the foundational infrastructure that powers their success. The Company enables customers to access all the right places, partners and possibilities they need to accelerate their advantage.~~The Simpson Thacher team included Dan Webb, Andy Roy, Jesse Feng, Laura Yang and Saakna Batbayar (Capital Markets); Deborah Harris (Corporate – London); Russell Light and Michael Mann (Tax); Leah Malone and Emily Holland (ESG); and Andrew Pagliughi (Blue Sky).

Apr 9

1 min