The Firm is representing CVC Capital Partners (“CVC”) in connection with the announced acquisition of a majority interest in Advantage Sales & Marketing LLC (“ASM”) by CVC and Leonard Green & Partners, L.P. (“LGP”) from funds advised by Apax Partners (“Apax”). The transaction is subject to customary closing conditions, and is expected to close during the third quarter of 2014.~~ASM is North America’s leading provider of outsourced sales and marketing services to manufacturers of consumer goods and retailers across multiple channels.~~The Simpson Thacher team includes Gary Horowitz, Kevin Lehpamer and Taylor Smith (M&A); James Cross (Financing); David Rubinsky, Jeannine McSweeney, Eric Wolf and Joo Hyun Lee (Executive Compensation and Employee Benefits); John Creed and SeoJung Park (Tax); and Mark Viera (Summer Associate). Corporate Partner Mark Pflug also provided valuable assistance.