Lori E. Lesser

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, in a registered public offering of $1 billion aggregate principal amount of 4.900% Senior Notes due 2028 and $1 billion aggregate principal amount of 5.050% Senior Notes due 2030 by Microchip Technology Incorporated (“Microchip”).~~Microchip used the net proceeds from the offering to repay its Senior Term Loan Facility, to repay a portion of the debt outstanding under its Commercial Paper Program and to pay fees and expenses related to the offering.~~Microchip is a leading provider of smart, connected and secure embedded control solutions. Microchip’s solutions serve approximately 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets.~~The Simpson Thacher team included David Azarkh, Patrick Baron and Erin Camia (Capital Markets); Lori Lesser (Intellectual Property); Jonathan Cantor and Michael Leitner (Tax); Abram Ellis, Ryan Stalnaker and Anais Bourbon (Regulatory); Michael Isby (Environmental); J. Pasco Struhs (ECEB); Jeanne Annarumma (ERISA); and Andrew Pagliughi (Blue Sky).

Dec 16

1 min

Simpson Thacher is representing Cvent, Inc. (“Cvent”) in connection with its acquisition of Reposite Inc. (“Reposite”), an AI-powered online vendor and supplier sourcing platform. Reposite streamlines the meetings and event planning process with its curated database of more than 35,000 group-friendly offerings, robust request for proposal (RFP) creation tools, and AI-powered quote matching solutions. Financial terms were not disclosed.~~Cvent is a leading meetings, events and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences.~~The Simpson Thacher team includes William Allen, Malik Ladhani, Peter Simon and Amy Zhou (M&A); Drew Purcell and Ed Grais (Tax); Greg Grogan, Andrew O’Brien and Sara Mazurek (Executive Compensation and Employee Benefits); Lori Lesser, Bobbie Burrows and Margerite Blase (Intellectual Property); and Krista McManus (Real Estate).~~

Oct 6

1 min

Simpson Thacher represented New Holland Capital (“NHC”) in connection with its initial strategic investment in the form of a note convertible into a 24.99% economic interest in NHC by AGF Management Limited (“AGF”). The transaction further grows AGF Capital Partners’ (f/k/a AGF Private Capital) alternatives business with the addition of absolute return-focused strategies and specialized credit investments. The arrangement also provides AGF with the option to subsequently increase its ownership stake.~~NHC is an alternative investment manager that manages over $5 billion in absolute return strategies for institutional clients. The firm seeks to generate alpha across a wide set of diversifying strategies, with a preference for niche, capacity constrained opportunities often with emerging portfolio managers.~~Founded in 1957 and headquartered in Toronto, Canada, AGF has investment operations and client servicing teams in North America and Europe. With over $43 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors.~~The Simpson Thacher team for the transaction included Ryan Williams, Irina Nica and Lenny Licht (Fund Transactions); Olga Gutman and Catherine Kidd (Funds); Jonathan Goldstein, Jacqueline Clinton and Matthew Lester (Tax); and Lori Lesser and Rachelle Broida (IP).

Dec 2

1 min

The Firm represented GridTek Utility Services and First Reserve in the completed sale of GridTek by First Reserve. The financial terms of the transaction were not disclosed.~~GridTek Utility Services is a leading provider of electrical transmission and distribution maintenance services engaged in the maintenance of electrical infrastructure for the utility industry and industrial customers.~~First Reserve is a leading global private equity firm investing across diversified energy, utility, and industrial end-markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of global relationships. The firm has raised over $34 billion of aggregate capital and has developed operational expertise built from over 750 transactions, including platform investments and add-on acquisitions.~~The Simpson Thacher team includes Michael T. Holick, Felicity Bell, Jacob Kornman and Luca Tomasi (M&A); Larry Moss, Alisa Tschorke and Yifan Cao (Employee Benefits and Executive Compensation); Andrew Purcell and Edward Grais (Tax); Eli Isak and Anita Wu (Banking and Credit); Lori Lesser, Kate Mirino and Celeste Fleetwood (Intellectual Property); and Dennis Loiacono (Real Estate).

Nov 6

1 min