05 04 2016

TDR Capital-Led Consortium to Buy LeasePlan for Over $3.2 Billion

Simpson Thacher represented LP Group BV, a portfolio company of a consortium of investors led by TDR Capital, in its acquisition of LeasePlan Corporation NV.


LeasePlan is a global fleet management, driver mobility and vehicle leasing provider headquartered in the Netherlands and operates in 32 countries around the world. The Firm advised LP Group BV and its affiliates on the financing aspects of the acquisition including the issue of €1.25 billion of 6.875% Senior Secured Notes due 2021 and $400 million of 7.375% Senior Secured Notes due 2021, and certain credit facilities totaling €1.78 billion. The Simpson Thacher team included Stephen Short (Picture) and Kristina Ostertag (Credit); Gil Strauss, Carol Daniel, Noam Katz, Uma Sud, Natalie Kone, Hillyer Jennings and Anna Pollak (Capital Markets); Meredith Jones and Joseph Tootle (Tax); and Jeanne Annarumma (ERISA). Involved fees earner: Stephen Short - Simpson Thacher & Bartlett; Kristina Ostertag - Simpson Thacher & Bartlett; Gil Strauss - Simpson Thacher & Bartlett; Carol Daniel - Simpson Thacher & Bartlett; Noam Baruch Katz - Simpson Thacher & Bartlett; Uma Sud - Simpson Thacher & Bartlett; Natalie Kone - Simpson Thacher & Bartlett; Hillyer Jennings - Simpson Thacher & Bartlett; Anna Pollak - Simpson Thacher & Bartlett; Meredith Jones - Simpson Thacher & Bartlett; Joseph Tootle - Simpson Thacher & Bartlett; Jeanne Annarumma - Simpson Thacher & Bartlett;

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