Simpson Thacher represented Gates Industrial Corporation plc (“Gates”) in connection with a secondary offering of ordinary shares by selling shareholders affiliated with Blackstone Inc. The offering of 11,635,224 ordinary shares of Gates raised over $225 million in proceeds to the selling shareholders.
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers (“OEM”) as specified components. Gates’ products are used in applications across numerous end markets, including: automotive replacement and OEM; diversified industrial; industrial off-highway; industrial on-highway; and personal mobility.
The Simpson Thacher team included Edgar Lewandowski, Traci Biedermann, Emily Anne Owen and Emma Li (Capital Markets); Mimi Cheng, Jonathan Lindabury, Eszter Boldis, Matthew Galla and Benjamin Kaminoff (Backleverage Financing); Clare Gaskell, Sam Moon, Simone Chua and Harry Smouha (Corporate – London); Sophie Staples, Andrew Purcell and Kris Liu (Tax – New York); Yash Rupal, Sarah Lindley and Phoebe Adams (Tax – London); and James Rapp and Bettina Elstroth (Public Company Advisory Practice).