The Firm is representing Bread in connection with its definitive agreement to be acquired by Alliance Data Systems Corporation (NYSE: ADS). The transaction is valued at estimated consideration of $450 million, of which approximately $100 million is Alliance Data common stock. The transaction is subject to customary closing conditions.
Bread is a technology-driven payments company that partners with retailers to personalize payment options for their customers. Alliance Data Systems is a leading provider of data-driven marketing, loyalty and payment solutions serving large, consumer-based industries.
The Simpson Thacher team includes Ravi Purushotham, Lee Meyerson, Lauren Kim and Brian Kloeblen (M&A); David Rubinsky, Eric Wolf and Jason Fixelle (Executive Compensation and Employee Benefits); Jonathan Goldstein, Morgan Otway and Suzy Yaster (Tax); Genevieve Dorment and Kate Mirino (Intellectual Property); Peter Guryan and Kelly Karapetyan (Antitrust); and Keith Noreika, Adam Cohen and Spencer Sloan (Regulatory).