Jakob Rendtorff

Simpson Thacher represented Amneal Pharmaceuticals, Inc. (“Amneal”) in connection with a series of transactions involving Amneal and certain of its subsidiaries which resulted in the elimination of Amneal’s umbrella partnership – C corporation (“Up-C”) structure and simplified its equity capital structure to a single class of common stock.~~Amneal (NYSE: AMRX) is a fully integrated global essential medicines company powered by a robust U.S. generics business and a growing branded business, as well as deepening portfolios in institutional injectables, biosimilars and select international markets.~~The Simpson Thacher team included Richard Fenyes, Anna Jarman and Emily Anne Owen (Capital Markets); Karen Kelley, Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice); Andrew Purcell and Tova Pfeffer (Tax); Jakob Rendtorff (M&A); and Jamin Koslowe (Executive Compensation and Employee Benefits).

Nov 17

1 min

Simpson Thacher was recognized at the 2024 LMG Life Sciences Americas Awards for its role representing Karuna Therapeutics, Inc. in the acquisition by Bristol-Myers Squibb Company for a total equity value of approximately $14 billion, which was named an “Impact Deal of the Year.” The Simpson Thacher team advising Karuna on this matter was led by Alan Klein, Eric Swedenburg and Jakob Rendtorff.

Jun 9

1 min

The Firm is representing PJT Partners LP as financial advisor to the special committee of the board of directors of Sculptor Capital Management, Inc. (NYSE: SCU) in connection with its agreement to be acquired by Rithm Capital Corp. (NYSE: RITM) in a transaction valued at approximately $639 million. Under the terms of the agreement, Sculptor Class A stockholders will receive $11.15 in cash per share, with Sculptor operating partnership unitholders receiving the applicable amount of cash consideration in accordance with the Sculptor partnership agreements based on such per share price. The parties expect that, subject to the satisfaction of certain conditions, holders of certain Sculptor operating partnership units will be given the opportunity, in lieu of receiving cash consideration, to roll their units into partnership units of one or more Rithm subsidiaries. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions, including approvals by Sculptor’s shareholders, certain regulatory approvals, and the receipt of certain consents.~~Sculptor is a global alternative asset manager and a specialist in opportunistic investing. With offices in New York, London and Hong Kong, Sculptor invests across credit, real estate and multi-strategy platforms in all major geographies. As of July 1, 2023, Sculptor had approximately $34.2 billion in assets under management. Rithm is an asset manager focused on the real estate and financial services industries. Rithm is a real estate investment trust (REIT) and is headquartered in New York City.~~The Simpson Thacher team includes Jakob Rendtorff and Chan Ho Park (M&A).

Jul 25

1 min

The Firm represented USI, Inc. (“USI”) in connection with its offering of $620 million aggregate principal amount of 7.500% Senior Notes due 2032. USI used the proceeds from the offering to redeem the entirety of its 6.875% Senior Notes due 2025 and pay related fees and expenses.~~USI is one of the largest insurance brokers and a leading middle market broker in the United States, serving clients across 198 offices in 46 states.~~The Simpson Thacher team included Richard Fenyes, Jieun Lim, Joann Kim, Albert Murzakhanov and Mark Marzziotti (Capital Markets); Dan Kay, Roman Ibragimov and Rani Shah (Credit); Jakob Rendtorff, Erica Egenes and Alexandra David (M&A); Michael Mann and William Smolinski (Tax); David Rubinsky and Pasco Struhs (ECEB); Steve DeLott (Insurance); and Lori Lesser and Bobbie Burrows (IP/Privacy).

Mar 1

1 min

The Firm is representing J.P. Morgan Securities LLC as financial advisor to DISH Network Corporation (NASDAQ: DISH) (“DISH”) in connection with its all-stock merger with EchoStar Corporation (NASDAQ: SATS) (“EchoStar”) valued at approximately $1.8 billion. Upon closing of the transaction, existing DISH shareholders will own approximately 69% and existing EchoStar shareholders will own approximately 31% of the common stock of the combined company. The majority shareholder group, which currently has approximately 90% and 93% of the combined voting power of DISH and EchoStar, respectively, has approved adoption of the merger agreement and the issuance of DISH common stock required for the transaction via written consent. Closing of the merger is subject to regulatory approvals and other customary closing conditions.~~DISH is a connectivity company, providing television entertainment and technology and wireless phone services. EchoStar is a technology and networking services provider offering consumer, enterprise, operator and government solutions.~~The Simpson Thacher team includes Eric Swedenburg, Jakob Rendtorff and Patrick Reed (M&A).

Aug 14

1 min