St. John Knits International’s recapitalization


Simpson Thacher represented St. John Knits International, a portfolio company of Vestar Capital Partners, in a recapitalization transaction whereby existing shares of common stock were exchanged for newly issued shares of Class A-1 convertible preferred stock and the holder of Class A preferred stock received 11,837,697 shares of newly issued common stock.

St. John Knits International, Incorporated designs, manufactures, and markets women’s clothing and accessories. The company, led by Bernd Beetz, Max Weinstein and Robert Green, is based in Irvine (CA).

The Simpson Thacher team included Ed Chung (Picture) and Caroline Gottschalk (M&A); Gary Mandel and Sophie Staples (Tax); and David Rubinsky (Employee Benefits).

Involved fees earner: Edward Chung – Simpson Thacher & Bartlett; Caroline Gottschalk – Simpson Thacher & Bartlett; Gary Mandel – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: St. John Knits International;

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Author: Ambrogio Visconti