Blackstone’s Acquisition Of Vungle


Simpson Thacher represented Blackstone (NYSE: BX) in connection with its proposed acquisition of Vungle, Inc.

The transaction is expected to close later this year, subject to customary closing conditions. Financial terms of the transaction were not disclosed.

Vungle, Inc. is a leading performance marketing platform for in-app video advertisements on mobile devices, trusted by publishers of more than 60,000 mobile apps worldwide with its data-optimized ads run on over 1 billion unique devices to drive engagement and increase returns for publishers and advertisers. Vungle is headquartered in San Francisco with offices in London, Berlin, Beijing, Tokyo, Singapore and Seoul.

Goldman Sachs & Co. LLC served as financial advisor to Vungle and Guggenheim Securities, LLC served as financial advisor to Blackstone on the transaction. DLA Piper LLP (US) served as legal advisor to Vungle and Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

The Simpson Thacher team includes Anthony Vernace (Picture), William Allen, Sara Park and Loren Shokes (M&A); Alden Millard and Catherine Burns (Credit); Drew Purcell, Sophie Staples and Brian Mendick (Tax); Jonathan Karen and Steven Klar (Funds); Greg Grogan, Caitlin Lucey and Annie Kim (ECEB); Lori Lesser, Genevieve Dorment and Ellie Gladstone (IP/Cybersecurity); Peter Guryan and Ellen Frye (Antitrust); and Adeeb Fadil and Noreen Lavan (Environmental).

Involved fees earner: William Allen – Simpson Thacher & Bartlett; Catherine Burns – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Elizabeth Gladstone – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Jonathan Karen – Simpson Thacher & Bartlett; Annie Kim – Simpson Thacher & Bartlett; Steven Klar – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Caitlin Lucey – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Alden Millard – Simpson Thacher & Bartlett; Sara Park – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Loren Shokes – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Anthony Vernace – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;

Author: Ambrogio Visconti