Simpson Thacher Represents the Stephen A. Schwarzman Education Foundation in Connection with $300 Million Scholarship Fund for Study at Tsinghua University

The Firm represented the Stephen A. Schwarzman Education Foundation in connection with the creation of a $300 million scholarship fund for study at Tsinghua University in Beijing and the creation of Schwarzman College at the University. The program, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday. The gift, also announced on “Face the Nation,” was the subject of an article in Sunday’s New York Times and was the national headline news in the prime-time news programs by all Chinese state-run TV stations.

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Tags:  Simpson Thacher & Bartlett LLP | Beijing

Simpson Thacher Represents Underwriters in $2.3 Billion Initial Public Offering of DoubleLine Income Solutions Fund

Simpson Thacher recently represented a group of underwriters in connection with the initial public offering of DoubleLine Income Solutions Fund (the “Fund”). The offering raised $2.3 billion and represents one of the largest IPOs for any closed-end bond fund in the U.S. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “DSL”. The lead underwriters in the transaction were UBS Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Leading Private Equity Partner Joins Latham & Watkins in London

Latham & Watkins LLP is pleased to announce that David Walker has joined the firm’s London office as a partner in the Corporate Department. Walker is an M&A lawyer with a particular focus on all aspects of private equity work . Over the years, he has built a reputation as one of the most prominent private equity lawyers in the UK.

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Tags:  Latham & Watkins LLP