Simpson Thacher Represents Underwriters in Initial Public Offering by CommScope Holding Company, Inc.
10.30.13
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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the initial public offering by CommScope Holding Company, Inc. (“CommScope”), a portfolio company of The Carlyle Group (“Carlyle”), of an aggregate of 38,461,537 shares of its common stock. A total of approximately $576.9 million in proceeds was raised in the offering. CommScope received approximately $461.5 million in gross proceeds from the offering and the remaining $115.4 million in gross proceeds were received by an affiliate of Carlyle as selling stockholder. CommScope intends to use the net proceeds of the offering, together with cash on hand, to repay outstanding indebtedness. CommScope shares are now listed on the NASDAQ Global Select Market under the ticker symbol “COMM”.
CommScope is a leading global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks.
The Simpson Thacher team included Art Robinson, Jonathan Ozner, Sung Bum Cho and former summer associate Matthew Leighton (Capital Markets); Timothy Mulvihill (Environmental); David Rubinsky and Brittany McCants (Executive Compensation and Employee Benefits); Jennie Getsin (FINRA and Blue Sky); Samantha Himelman (Intellectual Property); Shari Ness (PCAP); and Jodi Sackel (Tax).