Simpson Thacher is representing KKR & Co. L.P. in connection with the financing related to its announced acquisition of Airbus Group’s defense electronics business for €1.1 billion. The transaction is expected to close in the first quarter of 2017.

Airbus Group’s defense electronics division includes approximately 4,000 employees worldwide, with annual revenues of around €1 billion. The business comprises military sensors, electronic warfare, avionics and optronics.

The Simpson Thacher team includes Ian Barratt, Shahpur Kabraji and Deborah El-Schaeddhaei (Credit); Alvaro Membrillera (Corporate); and David E. Vann, Tara Kelly and Alessia De Quincey (Antitrust).