Global giants grab US$20bn Blackstone-Thomson Reuters deal

Five law firms land mandates for blockbuster deal

Global giants grab US$20bn Blackstone-Thomson Reuters deal
Five elite law firms have been given the mandates as a Blackstone-led consortium buys a stake in Thomson Reuters’ Financial & Risk Business (F&R).

Simpson Thacher & Bartlett is the lead legal adviser of Blackstone, while Wachtell, Lipton, Rosen & Katz is on the other end of the table for Thomson Reuters. Dechert is also advising GIC, which is part of the consortium that also includes the Canada Pension Plan Investment Board.

Norton Rose Fulbright (NRF) is the lead counsel for the Thomson Reuters Founders Share Company. Torys is the lead Canadian legal counsel for Thomson Reuters.

The consortium is buying 55% of the new corporation to be established to hold the F&R business. Thomson Reuters will own the remaining equity. The agreement values F&R at US$20bn.

The Simpson Thacher team includes partners Wilson Neely, Elizabeth Cooper, Mike Wolfson, Lori Lesser, Greg Grogan, Gary Mandel, Alden Millard, Brian Gluck, Ed Tolley, Peter Guryan, David Blass, and Jonathan Karen.

Partners Mark Thierfelder and Jonathan Kim are leading the Dechert team.

The NRF is led by senior associate Clementine Hogarth in London, who is supervised by partner Jon Perry. The team also includes partner David Barrett in New York, partners Michael Metteauer and counsel Katherine Madianos in Austin, senior counsel Sue Ross  in New York, and EMEA IP head Mike Knapper in London.


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