Simpson, Davis and Cleary land roles in US Treasury offering of 1.5 bn Citi shares
Simpson Thacher & Bartlett, who have put together a team led by M&A partner Lee Meyerson and corporate partner Andrew Keller.
The US Government has retained Morgan Stanley to prepare the sale, and Morgan Stanley has tapped Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton to advise on the sale. Both firms have have worked advising Citi in its bailout-related negotiations with Treasury in the past. Davis Polk advised Morgan Stanley on the terms of its work for Treasury, and the Cleary team – led by corporate partner Jeffrey Karpf – worked on the offering itself.