Keegan T. Lopez

Simpson Thacher represented subsidiaries of NextEra Energy Resources in the formation of Nitro Renewables Holdings, LLC, a joint venture with funds managed or advised by affiliates of Blackstone Inc. to co-own and develop a portfolio of hybrid renewable energy projects. NextEra Energy resources contributed the portfolio, and received consideration of approximately $900 million in connection with the formation of the joint venture.~~The Simpson Thacher team included Brian Chisling, Keegan Lopez, Lou Argentieri, Josh Brachfeld, Quinn Cronan, and Matteo Garofalo (M&A) and Jonathan Goldstein, Lina Pan and Eva Gao (Tax).

Sep 30

1 min

Simpson Thacher is representing Ingersoll Rand Inc. (NYSE: IR) in connection with its acquisition of Howden Roots LLC (“Roots”), a wholly-owned subsidiary of Chart Industries, Inc. (NYSE: GTLS), in an all-cash transaction valued at approximately $300 million. The transaction is expected to close during the third quarter of 2023, subject to the receipt of regulatory approval and other customary closing conditions.~~Roots is a leading provider of low-pressure compression and vacuum technologies. The business goes to market under the widely recognized Roots brand, which was founded in 1854. Roots has approximately $115 million in revenue and an established installed base that supports a strong aftermarket business model.~~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.~~The Simpson Thacher team includes Eric Swedenburg, Keegan Lopez and Quinn Cronan (M&A); Andrew Purcell, Scott Grundei and Zev Klein (Tax); Tristan Brown, Harry Hudesman and Ryan Kenny (Executive Compensation and Employee Benefits); Lori Lesser, Bobbie Burrows, Kate Mirino and Rachelle Broida (Intellectual Property); Sara Razi, Preston Miller and Daniel Owsley (Antitrust); Tim Mulvihill and Noreen Lavan (Environmental); Dennis Loiacono (Real Estate); and Matthew Farrell and Taylor Nefussy (Credit).

Dec 6

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

The Firm is representing affiliates of Blackstone Real Estate in their acquisition of PS Business Parks, Inc. (NYSE: PSB) in an all-cash transaction valued at approximately $7.6 billion. The transaction is expected to close in the third quarter of 2022, subject to approval by PSB’s stockholders and other customary closing conditions.~~PSB is a REIT that acquires, develops, owns and operates commercial properties. Blackstone will acquire PSB’s 27 million square foot portfolio of industrial, business park, traditional office and multifamily properties located primarily in California, Miami, Texas and Northern Virginia.~~The Firm has represented Blackstone in nine multi-billion dollar take private transactions during the past 13 months.~~The Simpson Thacher team includes Brian Stadler, Matt Rogers, Keegan Lopez, Ben Kloss, Bradley Benson and Haixuan Yang (M&A); Sas Mehrara, Whitney Salinas, Robert Vogel, Michael Scala, Aryeh Goldman, Allison Moore, Katie Dunn and David Rosenberg (Real Estate); Nancy Mehlman and Caroline Phillips (Tax); Andrew Blau, Alisa Tschorke and Charles Pfeifer (Executive Compensation and Employee Benefits); Jonathan Ozner (Capital Markets); and Melanie Jolson and Mark Natividad (Intellectual Property).

Apr 25

1 min

Simpson Thacher is representing funds and investment vehicles managed by affiliates of DigitalBridge Group, Inc. in connection with a $3.3 billion tower transaction between DBRG’s portfolio company Vertical Bridge REIT LLC ("Vertical Bridge") and Verizon Communications Inc. Under the transaction, Vertical Bridge will obtain the exclusive rights to lease, operate and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from subsidiaries of Verizon for approximately $3.3 billion, including certain commercial benefits. The transaction is structured as a prepaid lease with upfront proceeds of approximately $2.8 billion in cash. Closing is subject to customary closing conditions.~~DigitalBridge, a leading global alternative asset manager dedicated to investing in digital infrastructure, is the co-founder and majority owner of Vertical Bridge, and has committed capital to support the transaction. CDPQ, a global investment group and an important shareholder of Vertical Bridge since 2019, also committed capital to finance this transaction.~~The Simpson Thacher team includes Gabriel Silva, Keegan Lopez and Gabriela Astolphi (M&A); Parker Kelsey and Nick Brown (Funds); Brian Gluck, Michael Ratay, Constantine Valettas and Jackie Song (Financing); Andrew Purcell and Brian Mendick (Tax).

Sep 30

1 min