Simpson, Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz score leading roles in Tommy Hilfiger deal

March 16, 2010 The US$3 billion sale by of Tommy Hilfiger to the Phillips-Van Heusen Corporation (of American Apparel fame) is to be led by Simpson, Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz. Buyout house Apax Partners is selling the Tommy Hilfiger brand just four years after buying it for US$1.6 billion and taking the company private.

Partner Andrew Nussbaum led the team at Wachtell, Lipton, Rosen & Katz in advising Phillips-Van Heusen on its purchase. Partners Ryerson Symons, Robert Spatt and Kenneth Wallach led the Simpson Thacher team who advised Apax Partners, a regular client of the firm.

Weil, Gotshal & Manges also advised on the deal, with a team led by partners David Zeltner, Andrew Gaines and Jeffrey Osterman advising Tommy Hilfiger (the individual) on the sale.

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