Patriot National Completes Initial Public Offering
02.04.15
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The Firm represented Patriot National, Inc. in connection with its initial public offering of 8,315,700 shares of common stock at a public offering price of $14 per share. Patriot National sold 7,350,000 shares in the offering and the selling stockholders sold 965,700 shares in the offering. UBS Securities LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc. acted as joint book-running managers of the offering, and JMP Securities LLC and William Blair & Company, L.L.C. acted as co-managers of the offering.
Patriot National is a national provider of comprehensive outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments and reinsurance captives.
The Simpson Thacher team included Gary Horowitz, Lesley Peng, Alexander Muller, Tony Rim, Scott Mathias and Elizabeth Romefelt (Capital Markets); Karen Hsu Kelley, James Rapp, Frank Kwok and Maia Gez (Public Company Advisory Practice); Steven DeLott (Insurance); Jonathan Cantor and Andrew Purcell (Tax); David Rubinsky, Douglas Tang and Nadine Mompremier (Executive Compensation and Employee Benefits); Samantha Himelman (Intellectual Property); and Michael Isby (Environmental).