Joshua Ford Bonnie

Simpson Thacher recently represented the underwriters in connection with Apollo Global Management, Inc.’s registered public offering of $750 million aggregate principal amount of 5.8% Senior Notes due 2054. Simpson Thacher has represented the underwriters and initial purchasers in connection with nearly $6 billion of debt and equity issued by Apollo and its subsidiaries since 2014.~~Apollo intends to use the net proceeds from the offering for general corporate purposes.~~Founded in 1990, Apollo is a high-growth, global alternative asset manager and a retirement services provider. As of March 31, 2024, Apollo had approximately $671 billion of assets under management.~~The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Aarthy Thamodaran, Charlotte Bowe and Kelsey Henderson (Capital Markets); Andrew Purcell and Michael Leitner (Tax); Lori Lesser and Paige Brinton (Intellectual Property); Steven DeLott (Insurance); Andrew Pagliughi and Jennie Getsin (Blue Sky); and Pasco Struhs (ECEB).

May 23

1 min

Simpson Thacher recently represented Herc Holdings Inc. in connection with its private offering of $800 million aggregate principal amount of 6.625% Senior Notes due 2029.~~Herc Holdings intends to use the net proceeds to repay a portion of the indebtedness outstanding under its senior secured asset-based revolving credit agreement and to pay related fees and expenses.~~Herc Holdings, which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 412 locations across North America, and 2023 total revenues of approximately $3.3 billion. Herc Holdings offers products and services aimed at helping customers work more efficiently, effectively, and safely.~~The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Jonathan Ozner, Aarthy Thamodaran, Samantha Sergent, Brice Stewart and Toyin Edogun (Capital Markets); Jonathan Cantor, Benjamin Rippeon and Michael Slomovics (Tax); Christopher Brown and Tina Zheng (Banking and Credit); Marisa Geiger and Paige Brinton (Intellectual Property); and Pasco Struhs (ECEB).

Nov 6

1 min

Simpson Thacher recently represented the underwriters in connection with Chubb INA Holdings Inc.’s registered public offering of $1 billion aggregate principal amount of 5% Senior Notes due 2034.~~Chubb intends to use the net proceeds from this offering for general corporate purposes, including the repayment at maturity of the $700 million of its outstanding 3.35% senior notes due 2024.~~Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.~~The Simpson Thacher team included Joshua Bonnie, Mark Brod, Evan Hunt, Brice Stewart, Kelsey Henderson and Toyin Edogun (Capital Markets); Michael Mann (Tax); Rachelle Broida (Intellectual Property); Steven DeLott (Insurance); and Jennie Getsin (Blue Sky).

Aug 3

1 min

Private equity-backed technology firm Liftoff Mobile has launched plans to raise an estimated $711 million in its initial public offering, joining a crowded pipeline of IPO prospects that are slated to go public during the first week of February. The Redwood City, California-based company plans to offer 25.4 million shares at a range of $26 to $30, raising $711 million at midpoint, according to a Thursday filing with the U.S. Securities and Exchange Commission. At midpoint, Liftoff Mobile would command a $5.5 billion fully diluted market value. Simpson Thacher & Bartlett LLP advised the company, while Davis Polk & Wardwell LLP advised its underwriters. Liftoff Mobile, which is backed by private equity giants such as Blackstone and General Atlantic, is an advertising and monetization software for mobile apps. Formed through a merger between Liftoff and Vungle, the company provides an artificial intelligence-powered platform that supports user acquisition and monetization services for app advertisers and publishers in industries such as social media, finance, entertainment, and gaming, according to the SEC filing. The company plans on granting its underwriters a 30-day option to purchase up to an additional 3.18 million shares at the IPO price, and the offering is set to price during the week of Feb. 2. Liftoff Mobile plans to list its shares on the Nasdaq under ticker symbol LFTO. Liftoff Mobile joins a slew of other IPO prospects anticipated to make their public debuts during the week of Feb. 2. Forgent Power Solutions, a manufacturer serving industrial and data center customers, on Jan. 26 unveiled plans to raise an estimated $1.5 billion in its IPO by offering 56 million shares for a proposed price range of between $25 and $29. The company, which is backed by investment firm Neos Partners, designs and makes electrical equipment used in data centers, the power grid, and other energy-intensive industrial facilities. Forgent plans to list its shares on the New York Stock Exchange under ticker symbol FPS. Also on Jan. 26, Bob's Discount Furniture released plans to raise around $350 million in its offering by selling 19.5 million shares at a proposed range of between $17 and $19. In its filing with the SEC, Bob's said investment funds connected to private equity shop Bain Capital would own 75% of the company after the IPO. Bob's plans to list on the New York Stock Exchange under ticker symbol BOBS. Further, oncology firm Eikon Therapeutics on Wednesday told regulators that it plans to raise around $300 million in its offering by selling 17.6 million shares for a price range between $16 and $18. The company, which develops therapies for immuno-responsive cancers, plans to list on the Nasdaq under ticker symbol EIKN. The Simpson Thacher team advising Liftoff Mobile in its IPO includes Joshua Ford Bonnie, Jonathan Ozner, and Katharine Thompson. The Davis Polk team advising the underwriters includes Michael Kaplan and Yasin Keshvargar.

Jan 30

2 min

Simpson Thacher represented Hamilton Lane in connection with the private placement by Hamilton Lane Advisors, L.L.C. (“HLA”), the operating subsidiary of Hamilton Lane Incorporated, of $100 million aggregate principal amount of 5.28% Senior Notes due October 15, 2029, and amendments to HLA's credit agreements. Hamilton Lane intends to use the net proceeds from the private placement for general corporate purposes, including seeding new funds and creating new products.~~Founded in 1991, Hamilton Lane is a global private markets investment solutions provider with approximately $129.7 billion of discretionary assets under management, and approximately $810.4 billion of non-discretionary assets under advisement, as of June 30, 2024. Hamilton Lane structures, manages, and monitors portfolios of private markets funds and direct investments to help its clients access a diversified set of investment opportunities worldwide.~~The Simpson Thacher team included Joshua Bonnie, Mark Brod, Aarthy Thamodaran and Amy Donofrio (Capital Markets); Christopher Brown and Alexandra Cullen (Banking and Credit); Charles Mathes (Public Company Advisory Practice); George Gerstein and J. Pasco Struhs (Executive Compensation and Employee Benefits); and Jonathan Cantor and Jiha Min (Tax).

Oct 16

1 min