Simpson Thacher is representing an investor group led by Siris Capital Group, LLC in connection with its acquisition of TNS, Inc. (NYSE: TNS) for $21.00 per share in an all-cash deal valued at approximately $862 million including the refinancing of debt. The merger is expected to close during the first quarter of 2013 following a 30-day go-shop period, pending shareholder approval, regulatory approvals and customary closing conditions.
TNS is an international data communications company which provides networking, managed connectivity, data communications and value added services to many of the world’s leading telecommunication firms, retailers, banks, payment processors and financial institutions. Founded in 1990, TNS provides services in over 60 countries across the Americas, Europe and the Asia Pacific region.
The Simpson Thacher team for the transaction includes Daniel Clivner, Vijay Sekhon, Justin Yi, Denis Griffin and Judy Yan (M&A); Adam Shapiro (Credit); Michael Naughton and William Kearney (Antitrust); Katharine Moir, Daniel Foster and Jason Vollbracht (Tax); Tristan Brown, Jeanne Annarumma and Jennifer Wolff (Executive Compensation and Employee Benefits); Lori Lesser and Genevieve Dorment (Intellectual Property); Michael Isby and Timothy Mulvihill (Environmental); Krista McManus (Real Estate); and Steven DeLott (Insurance).
