Ravi Purushotham

Simpson Thacher represented BrightView Holdings, Inc. (NYSE: BV) (“BrightView”) in connection with the purchase of $500 Million in newly-issued shares of Series A Convertible Preferred Stock by affiliates of One Rock Capital Partners, LLC (“One Rock”). BrightView will use 90% of the proceeds from the issuance to pay down its existing debt.~~BrightView is the nation’s largest commercial landscaper, providing services to premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues.~~One Rock is a value-oriented, operationally focused private equity firm.~~The Simpson Thacher team included Ravi Purushotham, Johanna Mayer, Aseda Ghartey-Tagoe and John (Jack) Larkin (M&A); Joe Kaufman and Pia Figuerola (Capital Markets); Robert Hayes (Public Company Advisory Practice); Sophie Staples (Tax); Tristan Brown, Alisa Tschorke and Charles Pfeifer (ECEB); Michael Vernace and Jule Walsh (Credit); Jonathan Lindabury and Jakarri Hamlin (Derivatives); and Peter Guryan, Richard J. Jamgochian and Kelly Karapetyan (Antitrust).

Aug 28

1 min

Simpson Thacher represented Ingersoll Rand Inc. (NYSE: IR) in its divestiture of its legacy asbestos liability through its sale of wholly-owned subsidiaries holding these liabilities and related insurance assets to Delticus Group (“Delticus”).~~Ingersoll Rand is a global provider of mission-critical flow creation and industrial solutions, which it sells across multiple attractive end-markets within the industrial, energy and medical industries.~~Delticus is a leading, institutionally capitalized corporate liability acquisition platform that specializes in acquiring and managing long-tail legacy corporate liabilities. Delticus is owned by entities affiliated with Third Point LLC.~~The Simpson Thacher team includes Ravi Purushotham, Keegan Lopez, Cathleen Ye and Josh Brachfeld (M&A); Jamie Fell (Corporate Restructuring); and Andrew Purcell, Andrew Mandelbaum and Mohanad Salaimi (Tax).

Nov 6

1 min

Simpson Thacher represented affiliates of KKR in connection with their significant minority investment in Quick Quack Car Wash (“Quick Quack”). The new investment will support the continued acceleration of Quick Quack’s growth through innovation, marketing and organic expansion in new and existing markets. Terms of the transaction were not disclosed.~~Founded in 2004, Quick Quack is one of the largest and fastest growing express format car wash operators in the U.S., with over 230 locations across California, Texas, Arizona, Utah, and Colorado.~~The Simpson Thacher team includes Ravi Purushotham, Jack Nalen and Dan Kim (M&A); Marcy Geller, Bill Smolinski and Lina Pan (Tax); Jeannine McSweeney, Gary Tashjian and Josh Stephens (Executive Compensation & Employee Benefits); Krista McManus (Real Estate); Marisa Geiger, Nicholas Westbrook, Bobbie Burrows and Chandler Gerard-Reimer (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); and Ryan Bekkerus, Evan Zuckerman and Christina Park (Capital Markets).

Dec 6

1 min

Partners Jonathan Karen, Marni Lerner, Ravi Purushotham and Sara Razi were named Law360 “MVPs” for 2023. The “MVPs” award series honors attorneys who had the biggest wins and made the most significant contributions to their practice groups in the past year. Simpson Thacher was recognized in the following areas:~~For a full list of winners, please click here (subscription required).

Mar 10

1 min

Simpson Thacher represented Crane Holdings, Co. (NYSE: CR) in the divestiture of Redco Corporation, a wholly owned subsidiary of Crane that holds liabilities including asbestos liabilities and related insurance assets to Spruce Lake Liability Management Holdco LLC.  At closing, Crane contributed approximately $550 million in cash to Redco, and Spruce Lake made a capital contribution of $83 million.~~Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications.~~Spruce Lake Liability Management, an entity formed by a joint venture between Global Risk Capital LLC and affiliates of Fortress Investment Group LLC, is a long-term liability management company specializing in the acquisition and management of legacy corporate liabilities and related corporate assets.~~The Simpson Thacher team included Ravi Purushotham, Jamie Fell and Jonathan Mitnick (M&A / Corporate); William Russell (Litigation); Drew Purcell, Eli Shalam and Matthew Lester (Tax); Toby Chun and Deepa Sarkar (Environmental); Andrew Blau and Charles Pfeifer (ECEB); and Jessica Cohen (IP/Data Privacy).

Aug 16

1 min