Anthony D. King

Simpson Thacher is representing funds managed by Blackstone Inc. and its affiliates (“Blackstone”) in connection with its announced acquisition of Crown Resorts Limited (ASX: CWN) for AUD13.10 (approx. US$9.35) per share in cash, representing an equity value of approximately US$6.3 billion. Blackstone funds already hold approximately 9.99% of Crown Resorts’ outstanding shares. The transaction will be undertaken by way of a scheme of arrangement and is subject to customary closing conditions, including shareholder and regulatory approvals and sanction of the scheme by the court.~~Crown Resorts is Australia’s largest gaming and entertainment group and owns and operates two of Australia’s leading integrated resorts, Crown Melbourne and Crown Perth, as well as Sydney’s latest premium hotel resort and dining precinct at Crown Sydney.~~The Simpson Thacher team includes: Anthony King, Jonathan Stradling, Zhouzhou (Max) Guo and Tiffany Shih (M&A); Makiko Harunari, Alvin Kwong, Scott Zhang and Elaine Ruan (Financing); and Steven Klar, Peter Vassilev and Peter A. Thomas (Private Funds).

Feb 22

1 min

Simpson Thacher is representing affiliates of Blackstone Real Estate in connection with its proposed acquisition of all the issued units in Croesus Retail Trust (“CRT”). CRT is an SGX-listed Asia-Pacific retail business trust with a portfolio of commercial real estate assets located in Japan. The acquisition will be effected by way of a trust scheme in compliance with the Singapore Code on Take-overs and Mergers. Unitholders will receive S$1.17 in cash per unit as scheme consideration, representing an implied equity value for CRT of approximately S$900.6 million.~~The Simpson Thacher team includes Anthony King, Anthony Chan and Bridget Huang (Real Estate); Peter Vassilev, Steven Klar, Drew Harmon and Matthew Kemp (Private Funds); Étienne Renaudeau (Antitrust); and Meredith Jones and Joseph Tootle (Tax).

Jun 29

1 min

Simpson Thacher is representing Blackstone Tactical Opportunities in connection with the announced acquisition of a retirement village portfolio in New Zealand from Lendlease, a leading international property and infrastructure group. The portfolio comprises five fully completed villages, four in Auckland (the Knightsbridge, Mayfair, Parklane and Peninsula Club) and one in Mt. Maunganui (Ocean Shores). The transaction, which is expected to close in the next several months, is subject to relevant regulatory approvals. Terms of the transaction were not disclosed.~~The Simpson Thacher team includes Anthony King, Jonathan Hwang and Bridget Huang (Real Estate); and Jackie Kahng (Banking and Credit).

Feb 17

1 min

The Firm is representing Blackstone in connection with its announced tender offer and subsequent related transactions to take Infocom Corporation (“Infocom”) private. Infocom, listed on the Tokyo Stock Exchange, is a leading provider of digital comics in Japan and its IT services business provides services to hospitals and other general corporations. Infocom’s Mecha Comic is one of Japan’s top providers of online comics and the market leader for Japanese women 30 years old and above.~~Blackstone commenced the tender offer on June 19, 2024.~~The Simpson Thacher team includes: Anthony King, Sonya Ho and Tiffany Shih (M&A); Étienne Renaudeau and Pauline Patat (Antitrust); Shahpur Kabraji, Andrew Bechtel, Alvin Kwong and Chenyu Cui (Finance); Meredith Jones and Jenna Al-Malawi (Tax); and Steven Klar, Peter Thomas, Richard Zhang and Jean-Baptiste Rioual (Funds).

Jun 25

1 min

Simpson Thacher is representing Blackstone in connection with its sale of Alinamin Pharmaceutical Co., Ltd. (“Alinamin”) to MBK Partners. Blackstone will re-invest a minority stake in Alinamin upon closing of the sale. Terms of the transaction were not otherwise disclosed.~~Alinamin is a leading consumer healthcare company in Japan focusing on supplements and nonprescription drugs. The Firm also represented Blackstone on its acquisition of Alinamin in 2021 from Takeda Pharmaceutical.~~The Simpson Thacher team includes Anthony King, Sonya Ho, Paul Kim and Tiffany Shih (M&A); Étienne Renaudeau, Sarah Chaudhuri and Luke Cowdell (Antitrust); Makiko Harunari and Chenyu Cui (Banking & Credit); Meredith Jones and Paul Jansch (Tax); Ron Ben-Yehuda (Intellectual Property); Steven Klar and Richard Zhang (Funds); and Gregory Grogan and Pasco Struhs (ECEB).

Oct 7

1 min