The Firm is representing Blackstone Capital Partners VI, L.P. in connection with its acquisition of Vivint Inc., Vivint Solar, Inc. and 2GIG Technologies, Inc. from their existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2 billion. It is expected that the transaction will close before year end.
Vivint Inc. is the largest home automation services company in North America and second largest residential security services provider. Vivint Solar, Inc is a provider of solar solutions that leverages the power purchase agreement (PPA) model to offer affordable solar power to residential customers throughout North America. 2GIG Technologies is a developer of industry-leading security and automation equipment for the residential and small commercial markets.
The Simpson Thacher team includes Peter Martelli, Jeremy Saks, Chi Pan, Robert Dunn and Cara Walsh (M&A); Alden Millard, Christopher Bell and Eli Isak (Credit); Igor Fert (Capital Markets); Gary Mandel, Jonathan Goldstein and Adam Wells (Tax); Gregory Grogan and Sarah Dale (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Elisa Alcabes (Insurance); and Joseph Tringali, Ketan Jhaveri, Michael Naughton, Kenneth Ehrhard and Ellen Frye (Antitrust).
