The Firm represented J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Citigroup Global Markets Inc., in connection with the secondary offering by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC (the “Selling Stockholder”), of an aggregate of 21,925,000 shares of Vertiv Holdings Co (NYSE: VRT) (“Vertiv”) common stock. Gross proceeds to the Selling Stockholder were $544,303,472.
Vertiv is a global provider of critical digital infrastructure and continuity solutions and brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv employs approximately 21,000 people and does business in more than 130 countries.
The Simpson Thacher team includes David Azarkh, John O’Connell and Ignacio Perez (Capital Markets); Tim Gallagher (Real Estate); Michael Mann and Adam Hersch (Tax); Genevieve Dorment (Intellectual Property); Jeanne Annarumma and Allison Sweeney (Executive Compensation and Employee Benefits); Timothy Mulvihill (Environmental); and Jennie Getsin (Blue Sky).