Naveed Anwar

Simpson Thacher represented vehicles affiliated with True Wind Capital in its minority investment in Rover Group, Inc. (“Rover”), the world’s largest online marketplace for pet care, in connection with the acquisition of Rover by affiliates of Blackstone in an all-cash transaction valued at approximately $2.3 billion. Rover, based in Seattle, connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, and drop-in visits. The Simpson Thacher team included Atif Azher, Naveed Anwar, Kira Shannahan, Matthew Walls and Ondrej Gaiser-Palecek (M&A); Mark Brod (Capital Markets); and Russell Light (Tax).

Jan 3

1 min

Simpson Thacher is representing funds managed by KKR in connection with their agreement to acquire Simon & Schuster from Paramount Global for an aggregate purchase price of $1.62 billion in cash. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.~~Simon & Schuster is a global leader in general interest publishing, dedicated to providing the best in fiction and nonfiction for readers of all ages, and in all printed, digital and audio formats.~~The Simpson Thacher team includes Marni Lerner, Naveed Anwar, Jeff Levine, Julia Tory, Kelly Johnson, Luca Tomasi and Jacob Kornman (M&A); Marcy Geller, Sophie Staples, Lina Pan and Elizabeth Trask (Tax); David Rubinsky and Josh Stephens (Executive Compensation and Employee Benefits); Lori Lesser, Kate Mirino, Rachelle Broida and Mark Natividad (Intellectual Property); Patrick Wolff and Ashley Jaramillo (Credit); Krista McManus (Real Estate); and Sara Razi, Preston Miller and Nicholas Ingros (Antitrust).

Aug 8

1 min

Simpson Thacher is representing True Wind Capital Management, L.P. (“True Wind”) in connection with its affiliate’s successful tender offer to acquire up to 19.0% of SUNCORPORATION (Standard Market of Tokyo Stock Exchange; Securities Code: 6736) (“Sun”), at a price per share of JPY 5,500, for an aggregate purchase price of JPY 23.3 billion.~~True Wind is a San Francisco-based private equity firm focused on partnering with management teams to build leading technology businesses in growing vertical markets in three primary sectors: Industrial Tech, Business Services & Compliance and Financial Services. Since its founding in 2015, True Wind has completed 13 platform investments and dozens of add-on acquisitions.~~The Simpson Thacher team includes Atif Azher, Jonathan Stradling, Naveed Anwar, Daisuke Ueta and Jesse Feng (M&A); Matthew Kemp, Jessica Mason and William McKenna (Funds); Mark Brod (Capital Markets); and Russell Light, Nancy Mehlman and Shoshana Schorr (Tax).

Aug 23

1 min

Simpson Thacher is representing funds managed by KKR in connection with their agreement to acquire Broadcom Inc.’s End-User Computing Division, in a transaction valued at approximately $4 billion. The transaction, which is subject to receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to close in 2024.~~End-User Computing Division (EUC) is the digital work platform leader, trusted by thousands of organizations worldwide as the former VMware EUC business. The EUC digital work platform unifies, automates, and efficiently scales the digital workspace. The intelligence-driven platform enables IT to deliver a secure and productive experience for all employees, across their devices, efficiently at scale.~~The Simpson Thacher team includes Marni Lerner, Naveed Anwar, Beini Chen, Omar Kanjwal, Si Sun, Ondrej Gaiser-Palecek, and Diana Yen (M&A); Marisa Geiger, Alysha Sekhon, Rachelle Broida, and Sarika Pandrangi (Intellectual Property); Marcy Geller, William Smolinski, and Lina Pan (Tax); David Rubinsky, Linda Barrett, and Matias Botto (Executive Compensation and Employee Benefits); Catherine Burns and Christopher Brown (Credit); Peter Guryan and Max Fischer-Zernin (Antitrust); and Krista McManus (Real Estate).

Feb 26

1 min

Simpson Thacher is representing Applied Systems, a portfolio company of Hellman & Friedman and one of the world’s largest providers of agency and brokerage management systems, in its acquisition of Planck Resolution LTD, the leading artificial intelligence company for the insurance industry. The Simpson Thacher team includes Atif Azher, Naveed Anwar, Shaneel Parikh, Marina Hernandez and Abby Kieker (M&A); Russell Light (Tax); David Rubinsky and Allison Sutherland (Executive Compensation and Employee Benefits); Ron Ben-Yehuda and Bobbie Burrows (Intellectual Property); Karen Kazmerzak and Allison Davido (Antitrust); and Steven DeLott (Insurance).

Jul 24

1 min