Simpson Thacher represents TDR Capital LLP and Sun Capital Partners Limited in connection with the financing of their acquisition of Keepmoat, including (i) a Rule 144A and Regulation S offering of £263 million aggregate principal amount of 9.500% Senior Secured Notes due 2019, issued by a finance affiliate of Keepmoat, and (ii) a £75 million Revolving Credit Facility Agreement. The notes offering closed into escrow on October 3, 2014 and will be released upon completion of the acquisition. The acquisition is subject to certain conditions, including merger control clearance and approval by certain contractual counterparties, and is expected to close by the end of November 2014.

Keepmoat is a leading provider of community regeneration services and housing in the UK. 

The Simpson Thacher team included Stephen Short, Linn Mayhew and Alexandra Clapp (Credit); Nick Shaw, Wim De Vlieger, Uma Sud, Sven-Frode Frolund and Aled Knights (Capital Markets); and Meredith Jones (Tax).