Simpson Thacher advised MerchCap Solutions LLC (“MCS”) in connection with a commitment by CPPIB Credit Investments Inc. (“CPP Credit”), a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPPIB”), of $50 million of equity to MCS to support its business.
CPPIB has earmarked up to $2 billion of capital for direct investment at its discretion in middle market debt transactions and other non-traditional corporate lending opportunities arranged for clients of MCS. Formerly known as KKR-SPC Merchant Advisors LLC, MCS was formed in August 2012 to provide principal and agency-based capital markets services to sponsor-backed and corporate mid-market companies as well as principal investments to support its client needs and is owned by KKR & Co. L.P., Stone Point Capital and CPPIB Credit.
The Simpson Thacher team included Gary Horowitz, Michael T. Holick and Ariel Oxman (Corporate) and Katharine Moir and Jason Vollbracht (Tax).
