Simpson Thacher & Bartlett is a Wall Street institution,
housing elite teams in M&A, banking, capital markets and
litigation. The firm is a bit more versatile than many of its
peers, boasting formidable prowess in private equity, real estate,
antitrust and intellectual property.
Wheeling and Private Equity Dealing
Founded in 1884 by three Columbia Law graduates, Simpson Thacher
& Bartlett has capitalized on financial and industrial trends
throughout its history. In the late 19th and early 20th centuries,
the firm assisted in railroad reorganizations, the creation of
mining and natural resource companies and the expansion of the
public utility system. By the close of World War I, the firm was
representing clients in Europe, Asia and South America.
The 1980s and 1990s saw the firm develop one of the world's premier
M&A practices, with a unique strength in all aspects of private
equity. The firm's many private equity clients include The
Blackstone Group, Kohlberg Kravis & Roberts (KKR), First
Reserve, Hellman & Friedman and Silver Lake Partners. The firm
has represented private equity sponsors on the five largest
completed buyout transactions in history, as well as on buyouts
around the globe.
Simpson represents a broad range of corporate and financial
institution clients, such as JPMorgan, Alibaba, Goldman Sachs,
Microsoft, Hilton, Accenture, Tyco, Toronto-Dominion, Morgan
Stanley, UBS and Travelers, on a wide variety of sophisticated
transactions. The firm tops the charts year after year in banking
and debt securities transactions.
Antitrust in Me
Simpson's competition team, which boasts a former Director of
the FTC's Bureau of Competition and other former senior FTC and DOJ
officials, advises on the splashiest history-making deals, such as
Sirius Satellite Radio's $13 billion merger with XM satellite radio
and the $68 billion Wyeth-Pfizer merger. Simpson's competition
litigators are in the thick of things, having advised clients on
many of the highest-profile antitrust litigations of recent
decades, culminating in The American Lawyer naming the
firm's practice "Antitrust Litigation Department of the Year" in
Local Knowledge, Global Reach
Internationally, the firm benefits from a long-standing presence
in Europe, is a market leader in Korea and Japan and is
well-established in China with offices in Hong Kong and Beijing.
The firm added a Hong Kong law practice in 2011 and opened an
office in Seoul in 2012. Simpson has advised on some of China's
most sophisticated transactions, including Alibaba Group's landmark
IPO, which is the largest in history. Simpson also has a leading
Latin American practice, anchored by its São Paolo office.
Defending the Who's Who in Financial
For decades, Simpson's securities litigators have defended the
most prominent financial institutions and corporations against
headline-making securities fraud allegations and major
financial-related litigation, including JPMorgan Chase, Royal Bank
of Scotland, Deutsche Bank, UBS, Wells Fargo, Morgan Stanley and
Simpson boasts one of the top litigation departments in the
nation, handling matters across legal disciplines, including
high-profile lawsuits and a range of criminal, regulatory,
Congressional and other significant government investigations, such
as those involving Madoff, Lehman Brothers, AIG, Fannie Mae and
Freddie Mac. The firm also has extensive experience conducting
internal investigations on behalf of companies, boards and board
committees, as well as litigating shareholder class actions arising
from M&A transactions.
Silicon Valley Savvy
The world's most dynamic companies and private equity firms turn
to Simpson Thacher for advice in hundreds of blockbuster
transactions, including Silver Lake's $24.4 billion acquisition of
Dell and the IPOs of Google and Facebook. When it comes to IP
litigation, clients seek Simpson's advice on high-stakes,
"make-it-or-break-it" matters. The firm's IP team recently launched
its own technology platform and analytics database-a unique
combination of patent litigation, ownership and transactional
intelligence-that has been recognized by the Financial
Times and other major legal and financial publications.
More Power to You
Active in the energy space since its founding, Simpson is busy
across the industry, from traditional sectors (power) to renewables
(solar and wind). In 2011, the firm expanded its century-old oil
and gas practice by opening a Houston office. The Houston team
advises on transactions that span corporate disciplines and
industry areas, including exploration and production, midstream,
refining and petrochemicals, and oil field and related service
IN THE NEWS
Reach for the Sky
Simpson Thacher is representing Blackstone Real Estate Partners in
its agreement to acquire the Willis Tower (formerly known as the
Sears Tower) for $1.3 billion, the highest price ever paid for a
U.S. office tower outside of New York. Formerly the tallest
building in the world, the tower is the second-tallest building in
North America and twelfth-tallest in the world. In the past year,
Blackstone Real Estate has also turned to the firm for the $1.7
billion acquisition of The Cosmopolitan Hotel & Casino in Las
Vegas and the $1.95 billion sale of the Waldorf-Astoria in NYC,
which (together with the Willis Tower transaction) represent three
of the largest single-asset deals in history.
Conducting a Mega-Deal
The firm represented NXP Semiconductors in its announced merger
with Freescale Semiconductor, a transaction that values the
combined enterprise at just over $40 billion. The merger
establishes the No. 1 automotive semiconductor supplier and the No.
1 general-purpose microcontroller supplier. NXP creates solutions
that enable secure connections for a smarter world, driving
innovation across a wide variety of industries including
automotive, security, connected devices, lighting, industrial and
Your Prescription is Ready
Simpson Thacher represented KKR in connection with Alliance Boots'
two-part strategic sale to Walgreens. The $15 billion transaction
combines the two companies to form the first global pharmacy-led,
health and well-being enterprise, under the name Walgreens Boots
Alliance. The firm represented KKR in connection with its buyout,
together with Stefano Pessina, of U.K.-based Alliance Boots in
2007-the largest-ever European buyout.
Simpson Thacher represented a consortium led by BC Partners in the
acquisition of PetSmart for approximately $8.7 billion. The
high-profile acquisition was the largest leveraged buyout of 2014.
The consortium consisted of BC Partners alongside several of its
limited partners, including La Caisse de dépôt et placement du
Québec and StepStone. PetSmart is the largest specialty pet
retailer of services and solutions for the lifetime needs of
East Meets West
The firm represented China-based Alibaba Group in its historic IPO,
the largest ever conducted. The American depositary shares were
listed on the New York Stock Exchange and raised US$25 billion. The
offering was led by three partners who seamlessly brought together
attorneys across time-zones in the firm's Hong Kong, Beijing and
Palo Alto offices, with significant support from New York.
Alibaba's mega-IPO is the latest in a series of record-breaking
tech IPOs on which Simpson Thacher has advised.
A Tweet Taste of Victory
The firm successfully won dismissal of a $124 million suit alleging
that Twitter engineered a failed private sale to boost investor
interest before its November 2013 IPO. The U.S. District Court
found that plaintiffs could not prove that Twitter had any role in
the fraud. The Simpson team subsequently secured a Second Circuit
dismissal of the appeal.