We advised Arxis on its IPO

Davis Polk advised Arxis, Inc. on its upsized SEC-registered initial public offering of 46,570,000 shares of Class A common stock, for total gross proceeds of $1.3 billion, including the underwriters’ exercise of their option to purchase an additional 6,075,000 shares of Class A common stock to cover over-allotments. Arxis, Inc. is listed on the Nasdaq Global Select Market under the ticker symbol “ARXS.”

Arxis is a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components for aerospace and defense, medical technology and specialized industrial markets. Leveraging significant intellectual property and world-class engineering and operational capabilities, Arxis designs and delivers innovative solutions that address its customers’ most complex performance needs. Arxis is backed by Arcline Investment Management.

Arcline Investment Management is a growth-oriented private equity firm with over $20 billion in assets under management. Arcline seeks to build the next generation of Industrial Compounders – market-leading, non-disruptible industrial platforms designed to consistently grow earnings over decades.

The Davis Polk capital markets team included partner Shane Tintle, counsel Lourenço Lopes-Sabino and associate David Giordano. Partner Veronica M. Wissel and counsel Charlotte R. Fabiani provided executive compensation advice. Partner William J. Chudd and counsel Alon Benjamin Harish provided corporate advice. Partner William A. Curran and associate Alanna Phillips provided tax advice. Partner Frank Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the New York and São Paulo offices.

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