Simpson Thacher & Bartlett Archives - Page 2 of 5

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.

Blackstone Acquires Cvent in $4.6B Transaction

Cvent Holding Corp., a meetings, events and hospitality technology provider, entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.

CPP Investments and Silver Lake Acquire Qualtrics for $12.5B

Qualtrics, a provider of experience management (XM) software, entered into a definitive agreement to be acquired by Silver Lake, a technology investor, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.

Crescent Capital BDC Completes Merger with First Eagle Alternative Capital BDC

Crescent Capital BDC merged with First Eagle Alternative Capital BDC. The combined company, which will remain externally managed by Crescent Cap Advisors, a subsidiary of Crescent Capital Group, has more than $1.6 billion of assets on a pro forma basis based on Dec. 31, 2022 financial information.

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion.

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone Acquires Cvent in $4.6B Transaction

CPP Investments and Silver Lake Acquire Qualtrics for $12.5B

Crescent Capital BDC Completes Merger with First Eagle Alternative Capital BDC

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

TIAA to Sell TIAA Bank to New Investors

TPC Group Commences Chapter 11 to Deleverage and Recapitalize

TD Bank Acquires First Horizon for $13.4B

AllianceBernstein, Deutsche, Guggenheim and Webster Provide Financing to FirstDigital

BofA-Led Syndicate Refinances and Increases Hilton Grand Vacations’ Revolver to $1B

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