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Simpson Thacher is representing Silver Lake in connection with a recommended offer by a wholly owned indirect subsidiary of funds managed by Silver Lake Management Company V, LLC for the entire issued, and to be issued, share capital of ZPG plc (“ZPG”), which was announced on May 11, 2018, at 490 pence (US$6.64) per share. ZPG is admitted to trading on the Main Market of the London Stock Exchange and owns and operates some of the U.K.'s most trusted digital brands that help empower smarter property and household decisions, including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. ZPG is also one of the leading residential property data and software providers. ZPG's websites and apps attract over 50 million visits per month and over 25,000 business partners use its services.

The offer values ZPG's entire share capital at approximately £2.2 billion (US$2.96 billion). Subject to ZPG shareholder approval (and the satisfaction of certain regulatory conditions), the acquisition is expected to be completed by way of scheme of arrangement.

The Simpson Thacher team includes Ben Spiers, Clare Gaskell, Charles Leeming, Lucy Gillett, Ben Squires, Hamesh Khatkar and Charlotte Yeldon (Corporate – London); Mike Wolfson and Izzy Lubarsky (Corporate – New York); Max Rigden and George Dyesmith (Credit – London); Townshine Wu and John Tracy (Funds – New York); and Peter Thomas, Ellen Frye and Pauline Patat (Antitrust).