Simpson Thacher Represents Rockwood Holdings, Inc. in Secondary Offering of Common Stock
01.12.11
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The Firm recently represented Rockwood Holdings, Inc. (“Rockwood”) in connection with a secondary offering of 8,000,000 shares of common stock of Rockwood by funds affiliated with Kohlberg Kravis Roberts & Co. L.P. and DLJ Merchant Banking Partners III, L.P. The underwriter of the offering agreed to purchase the shares at a price of $37.52 per share, resulting in gross proceeds to the selling stockholders of approximately $300 million.
Rockwood is a leading global specialty chemicals and advanced materials company with a worldwide employee base of approximately 9,800 people and annual net sales of approximately $3.0 billion. Rockwood focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets.
The Simpson Thacher team for the transaction included Roxane Reardon, Jennifer Nadborny, Reece Hunt and Tornike Bolkvadze (Capital Markets), Jennie Getsin (FINRA), Noah Beck and Chang Won Choi (Tax), Mike Isby and Noreen Lavan (Environmental) and Marcela Robledo and Rita Maxwell (IP).