KKR’s $1.9 Million acquisition of Optiv


Simpson Thacher has advised Blackstone (NYSE: BX) and Optiv Security in connection with Blackstone’s sale of Optiv to KKR

Blackstone will maintain a minority interest in Optiv, along with Optiv management. The transaction is expected to close in the first quarter of 2017 subject to customary closing conditions.

Optiv is a market-leading provider of end-to-end cyber security solutions. Over the past three years, Optiv has served more than 7,500 clients in 76 countries, including 71 of the Fortune 100 and 604 of the Fortune 1000. With a 97 percent three-year growth rate, Optiv was named to the 2016 Inc. 5000 as one of North America’s fastest-growing private companies.

The Simpson Thacher team includes Wilson Neely (Picture), Elizabeth Cooper, Lauren Colasacco, Erika Tang and Scott Winston (M&A); Alden Millard, Christopher Brown, Brian Gluck and Michael Chao (Credit); Edgar Lewandowski, Risë Norman and Xavier Kowalski (Capital Markets); Gary Mandel, Sophie Staples and Morgan Otway (Tax); Gregory Grogan, Jennifer Pepin and Nadine Mompremier (Executive Compensation and Employee Benefits); and Lori Lesser and Genevieve Dorment (Intellectual Property).

Involved fees earner: Wilson Neely – Simpson Thacher & Bartlett; Elizabeth Cooper – Simpson Thacher & Bartlett; Lauren Colasacco – Simpson Thacher & Bartlett; Erika Tang – Simpson Thacher & Bartlett; Alden Millard – Simpson Thacher & Bartlett; Christopher Brown – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Michael Chao – Simpson Thacher & Bartlett; Edgar Lewandowski – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Xavier Kowalski – Simpson Thacher & Bartlett; Gary Mandel – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Jennifer Pepin – Simpson Thacher & Bartlett; Nadine Mompremier – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;

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Author: Ambrogio Visconti