Alliance Laundry $950.2 million IPO
The shares are listed on the New York Stock Exchange
Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 43,195,120 shares of common stock of Alliance Laundry Holdings Inc., of which 24,390,243 shares were issued and sold by the company and 18,804,877 shares were sold by the selling stockholder, at $22.00 per share, for total gross proceeds of approximately $950.2 million. The shares sold included 5,634,146 shares sold by the selling stockholder pursuant to the underwriters’ over-allotment option. The common stock is listed on the New York Stock Exchange under the symbol “ALH.”
Alliance Laundry Holdings Inc. is the world’s largest designer and manufacturer of commercial laundry systems, with industry-leading quality and reliability. The company leverages its pure play focus on the commercial laundry industry and over 100 years of engineering excellence to drive innovation and design its equipment to deliver outstanding performance in the most demanding applications.
The Davis Polk corporate team included partners Michael Kaplan and Pedro J. Bermeo, counsel Meaghan Kennedy and associate Jean (Jean Young) Koo. Partner Frank Azzopardi provided intellectual property advice. The tax team included counsel Danielle Rapaccioli. All members of the Davis Polk team are based in the New York office.