People’s United Acquisition of Vend Lease


Simpson Thacher represented People’s United Financial, Inc. (NASDAQ: PBCT), the holding company for People’s United Bank, N.A., in connection with its acquisition of Vend Lease Company.

Vend Lease will become a division of the bank’s operating subsidiary, LEAF Commercial Capital, Inc.

People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

Founded in 1979 and headquartered in Baltimore, Maryland, Vend Lease is a premier financial services company that provides nationwide equipment leasing services across many industries, focusing in the hospitality sector.

The Simpson Thacher team included Lee Meyerson (Picture) and Shalini May (M&A); Jon Goldstein and Nicole Humphrey (Tax); Jeannine McSweeney and Jason Fixelle (ECEB); Krista McManus (Real Estate); and Spencer Sloan (Bank Regulatory). Jihyun Chung also provided valuable assistance.

Involved fees earner: Lee Meyerson – Simpson Thacher & Bartlett; Shalini May – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Jason Fixelle – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: People’s United Financial, Inc.;

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Author: Ambrogio Visconti