Elizabeth Cooper~~Erica Egenes~~Jeannine McSweeney~~Allison Sutherland~~Lori Lesser~~Alysha Sekhon~~Sophie Staples~~Caroline Phillips~~Catherine Burns~~Tina Zheng~~Krista McManus~~Kelly Karapetyan~~Noreen Lavan
January 22, 2026
Blackstone to Acquire a Majority Stake in Spanx

1 min
AI-made summary
- Simpson Thacher is advising Blackstone on its proposed acquisition of a majority stake in Spanx, Inc
- from founder Sara Blakely, in a deal that values Spanx at $1.2 billion
- Spanx, established in 2000 by Blakely, is a womenswear brand specializing in innerwear, outerwear, activewear, and swimwear
- The Simpson Thacher legal team covers areas including M&A, executive compensation, intellectual property, tax, financing, real estate, antitrust, and environmental matters.
Simpson Thacher is representing Blackstone in connection with its proposed acquisition of a majority stake in Spanx, Inc. (“Spanx”) from its founder Sara Blakely in a transaction that values Spanx at $1.2 billion.~~Founded by Sara Blakely in 2000, Spanx is a mission-driven womenswear brand offering both innerwear solutions and figure-flattering outerwear, activewear and swimwear.~~The Simpson Thacher team includes Elizabeth Cooper, Erica Egenes and Chelsea Penther (M&A); Jeannine McSweeney, Alisa Tschorke and Allison Sutherland (Executive Compensation and Employee Benefits); Lori Lesser and Alysha Sekhon (Intellectual Property); Sophie Staples, Caroline Phillips and Lina Pan (Tax); Catherine Burns and Tina Zheng (Financing); Krista McManus and Stephanie Brenner (Real Estate); Kelly Karapetyan (Antitrust); and Noreen Lavan (Environmental).
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Elizabeth Cooper~~Erica Egenes~~Jeannine McSweeney~~Allison Sutherland~~Lori Lesser~~Alysha Sekhon~~Sophie Staples~~Caroline Phillips~~Catherine Burns~~Tina Zheng~~Krista McManus~~Kelly Karapetyan~~Noreen Lavan
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