News & Events

Simpson Thacher is representing JPMorgan Chase Bank, N.A. in connection with its agreement to become the new issuer of the Apple Card. Simpson Thacher is also representing JPMorgan Chase Bank, N.A. in its related pending acquisition of the Apple Card portfolio, which is estimated to bring over $20 billion of card balances to the Chase platform. Completion of the proposed transaction is subject to required regulatory approvals. The Simpson Thacher team includes Lee Meyerson, Matt Nemeroff,...

Simpson Thacher is representing DigitalBridge Group, Inc. ("DigitalBridge") in connection with its announced acquisition by SoftBank Group Corp. (“SoftBank Group”) for $16.00 per share in cash, in a transaction with an enterprise value of approximately $4.0 billion. The transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the second half of 2026.  DigitalBridge is a leading global alternative asset manager dedicated to...

Simpson Thacher & Bartlett LLP announced today the opening of its new office in San Francisco, marking a significant expansion of the Firm’s Bay Area platform to better serve clients and attract exceptional legal talent in one of the world’s most dynamic markets. Atif Azher, who was recently named “Corporate Attorney of the Year” by The American Lawyer and has deep roots in the San Francisco business community, has been named Managing Partner of the Firm’s Bay Area presence. Atif advises on...

Simpson Thacher is advising Stonepeak on its acquisition of a majority controlling interest in Castrol, a global leader in lubricants, from BP p.l.c (“bp”), in a transaction valuing the business at an enterprise value of approximately $10.1 billion. bp will retain a 35% minority interest in Castrol as part of the transaction. In connection with the transaction, Canada Pension Plan Investment Board will invest up to USD$1.05 billion in support of the transaction, resulting in an indirect stake...

Simpson Thacher advised Medline Inc. on its initial public offering, which raised total gross proceeds of more than $7 billion. In addition to being the largest healthcare IPO in history, Medline’s offering is the largest IPO of 2025 and the largest private equity–backed IPO ever. A total of 248,439,654 shares of Class A common stock were sold in the offering, including the full exercise by the underwriters of their option to purchase additional shares, at a price to the public of $29 per...

Simpson Thacher is representing JPMorgan Chase Bank, N.A. (“JPMorgan”) in providing $2.349 billion of debt financing (the “Financing”) to Crucible Metals, LLC, a subsidiary of Korea Zinc Company, Ltd (“KZ”), in support of a $7.4 billion advanced critical minerals and metals project in Tennessee (the “Project”). The U.S. government has also agreed to provide $2.349 billion of debt financing for the Project. Simpson Thacher also represented an affiliate of JPMorgan as placement agent to help...

On November 17, 2025, Simpson Thacher won an appellate victory for Factory Mutual Insurance Company, securing a decision from the Ninth Circuit affirming summary judgment for Factory Mutual in a coverage dispute against the Sacramento Kings NBA franchise. The Kings sought coverage under an $850 million property insurance and business interruption policy for purported business losses stemming from the COVID-19 pandemic. In affirming the district court’s entry of summary judgment for Factory...