Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC and Evercore Group L.L.C., in connection with an offering of 17,000,000 shares of common stock of Resideo Technologies, Inc. (“Resideo”), which received approximately $255 million in gross proceeds before expenses from the offering. The offering closed on November 20, 2020.
Resideo is a leading global manufacturer and distributor of technology-driven products and solutions that provide comfort, security, energy efficiency and control to customers worldwide. Resideo’s ADI Global Distribution business is also a wholesale distributor of low-voltage security products with a global footprint serving commercial and residential end markets. Resideo’s primary focus is on the professional channel.
The Simpson Thacher team for this transaction included Daniel Webb, Adam Spaulding, Andy Roy, Audrey Kim and Paul Clatterbuck (Capital Markets); Jonathan Goldstein and Abigail Hopper (Tax); Tristan Brown, Ashlie Lawton and Alyssa Ohanian (ECEB); Lori Lesser and Amber Harezlak (Intellectual Property); Michael Isby (Environmental); and Jennie Getsin (Blue Sky and FINRA).