Simpson Thacher is representing Apax Partners in connection with the €850,000,000 senior secured debt financing of their acquisition of Takko Group, a German clothing retailer from Advent International. Founded in 1982, Takko operates nearly 1,500 retail outlets across Europe and has a turnover of approximately €1 billion.

The transaction is expected to close in the first quarter of 2011.

The Simpson Thacher team working on the transaction includes: Ian Barratt, Antti Pesonen, Shahpur K. Kabraji and Richard Rees.