Gardner Denver and Selling Stockholder Complete $515 Million Secondary Offering
11.05.18
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Simpson Thacher recently represented Gardner Denver Holdings, Inc. (“Gardner Denver”) and KKR Renaissance Aggregator L.P. (the “Selling Stockholder”), in connection with a secondary offering of common stock. The offering of 20,000,000 shares of common stock raised approximately $515 million in gross proceeds. The Selling Stockholder received all proceeds from the offering.
Goldman Sachs & Co. LLC acted as the sole underwriter of the offering.
Gardner Denver is a leading global provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. Gardner Denver supports its customers through its global geographic footprint of 39 key manufacturing facilities, more than 30 complementary service and repair centers across six continents and approximately 6,700 employees worldwide.
The Simpson Thacher team included Richard Fenyes, Brian E. Rosenzweig, Grady Chang and Kal Venkatraj (Capital Markets); Amanda Weiss and Jennifer Nadborny (Public Company Advisory Practice); Jeanne Annarumma (Executive Compensation and Employee Benefits); Nancy Mehlman and Jodi Schneider (Tax); and Lawrence Huang (Intellectual Property). Associate Pinto Adhola and Summer Associate Rick Titcomb also provided valuable assistance.