Simpson Thacher recently represented Ingersoll Rand Inc. (“Ingersoll Rand”) and KKR Renaissance Aggregator L.P. (the “Selling Stockholder”), in connection with a secondary offering of common stock. The offering of 12,100,000 shares of common stock raised approximately $371 million in gross proceeds. The Selling Stockholder received all proceeds from the offering.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as the underwriters of the offering.
Ingersoll Rand 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. Ingersoll Rand supports its customers through its global geographic footprint of 63 key manufacturing facilities, more than 80 complementary service and repair centers across six continents and over 16,500 employees worldwide.
The Simpson Thacher team included Richard Fenyes, Brian E. Rosenzweig, Brian Mathes and Collin Hunt (Capital Markets); Amanda Weiss and James Rapp (Public Company Advisory Practice); Nancy Mehlman and Jodi Schneider (Tax); and Bobbie Burrows (Intellectual Property).