Finance
Deploying specialist lawyers in Rule 144A and Regulation S offerings, Simpson Thacher & Bartlett LLP has extensive insight in representing both initial purchasers and underwriters from across the insurance, healthcare, and energy sectors. The team covers a broad spectrum of debt products offered in the capital markets, spanning from investment grade and high-yield debt to structured finance and mezzanine finance instruments. Operating out of Washington DC, Joshua Ford Bonnie co-leads the outfit, being an expert in IPOs and securities law matters, while in New York, the other practice heads Roxane Reardon and Kenneth Wallach each specialize in corporate finance transactions and complex restructurings. David Azarkh is knowledgeable on all aspects of leveraged buyouts, William Brentani mainly focuses on follow-on equity and preferred stock offerings from Palo Alto, and Mark Brod is renowned for advising clients on SEC matters. John Ericson is well versed in the consumer and hospitality industries, and Richard Fenyes is also cited as a key port of call. All lawyers are New York-based unless otherwise stated.
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Profile
Work Department
Corporate/Capital Markets
Position
Co-Head of the Firm’s Global Capital Markets Practice, Ken Wallach represents clients including Weight Watchers, Dell Technologies, Mars/Wrigley, Cooper-Standard, Thrive Market, Xerox, CAVA, Drummond, Candela Medical, Cole Haan, First Advantage, Zero Motorcycles, Frontdoor, Garda World Security, CSG Systems and Global Blue. He regularly advises private equity sponsors, including Silver Lake, Apax and Invus, in connection with high yield and bridge financings and restructurings. His equity experience includes Issuer’s Counsel for the IPOs of CAVA, First Advantage, Blue Buffalo and K2M. Ken also represents investment banks in IPOs, follow-on equity offerings and high yield and investment grade debt offerings, including as designated underwriters’ counsel for Cinemark and MEG Energy. Ken is also widely recognized as a leading expert on corporate governance issues, including ESG matters. Ken currently serves as a member of the Firm’s Executive Committee.
Career
Joined Firm in 1993: Partner, 2004.
Education
B.A., magna cum laude, Duke University, Phi Beta Kappa (1990); J.D., University of Virginia School of Law (1993).
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Key clients
- ABRA® Auto Body & Glass Aethon Energy Management LLC Ambipar Participacoes e Empreendimentos S.A. Apollo Global Management, Inc. Aston Martin Holdings (UK) Limited Barclays Capital Inc. BofA Securities, Inc. Braskem S.A. BTG Capital US Corp. Capstone Topco, Inc. Cerdia Finanz GmbH Cimpress plc Cirsa Enterprises, S.L.U. Community Health Systems, Inc. Cooper Standard Cretaceous Bidco Limited Doctor No Parent Limited Emerald JV Holdings L.P. Garda World Security Gates Industrial Corporation plc GFL Environmental Inc. Goldman Sachs & Co. LLC Goldman Sachs Japan Limited Herc Holdings Inc. Hilton Grand Vacations Inc. Hilton Worldwide Holdings Inc. Hub International Limited J.P. Morgan Securities LLC Jefferies LLC Mars Medline (Mozart Holdings) MI Window and Door, LLC Morgan Stanley & Co. LLC Mr. Cooper Group Inc. NOVA Chemicals Corporation Pan American Energy LLC Q-Park B.V. Stonegate Pub Company Limited Summit Materials, Inc. Switch TDR Capital L.L.P UKG Inc. Upfield B.V. USI, Inc. Velocity Financial, Inc. Wells Fargo Securities, LLC
Work highlights
Represented the initial purchasers in the Rule 144A/Regulation S offering by R. R. Donnelley & Sons Company of $1,050 million aggregate principal amount of 9.500% Senior Secured Notes due 2029 and $475 million aggregate principal amount of 10.875% Junior Lien Secured Notes due 2029.
Representated of Mozart Holdings, LP (“Medline”) in a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 6.250% Senior Secured Notes due 2029 by certain of Medline’s subsidiaries.
Represented of the initial purchasers in a Rule 144A/Regulation S offering by The Hertz Corporation of $750 million aggregate principal amount of 12.625% Senior First-Lien Secured Notes due 2029 and concurrent Rule 144A offering by Hertz of $250 million aggregate principal amount of 8.000% Exchangeable Senior Second-Lien Secured PIK Notes due 2029.