Simpson Thacher is representing affiliates of Tsinghua University in connection with the acquisition of a 51% interest in a newly created business comprising Hewlett-Packard’s subsidiary, H3C Technologies, and HP’s China-based server, storage and technology services businesses. The newly created company will have a total value of approximately $4.5 billion. The transaction is expected to close near the end of 2015, subject to regulatory approvals and customary closing conditions.

The Simpson Thacher team for this transaction includes Jin Park (M&A – Hong Kong); Atif
Azher, Jean Park, Alexis Orenstein, Daniel Saposnik and Colin Osiecki (M&A – Palo Alto);
Shaolin Luo and Qi Yue (M&A – Beijing); Lori Lesser, Marcela Robledo and Michelle Morad (Intellectual Property); Katharine Moir, Jason Vollbracht and Judy Yan (Tax); Peter Thomas, David Shogren and Nicholas Ridley (Competition); Tristan Brown, Tom Asmar and Leah Segall (Executive Compensation and Employee Benefits); and Michael Isby (Environmental).