DPC Holdings $1 billion IPO
We advised the underwriters on the IPO
Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 32,037,372 ordinary shares of DPC Holdings PLC (Doncasters) which included 4,178,787 ordinary shares sold pursuant to the underwriters’ over-allotment option. The common stock is listed on the New York Stock Exchange under the ticker symbol “DPC.”
Doncasters is a leading independent manufacturer of complex, highly engineered precision cast components and nickel‑ and cobalt-based superalloys primarily serving the high growth aerospace and IGT end markets. It primarily manufactures products that operate across some of the most in-demand aeroengine and gas turbine platforms. Doncasters operates 14 advanced manufacturing facilities across North America, Europe, the United Kingdom and Asia, serving a broad blue-chip client base worldwide and maintaining a leading position in specialist manufacturing and casting of superalloys.
The Davis Polk capital markets team included partners Roshni Banker Cariello and Richard D. Truesdell Jr, counsel Meaghan Kennedy and associates Gianmarco Dedós Capote and Jeffrey Simmons. Partner Frank Azzopardi provided intellectual property advice. Counsel Dustin Plotnick provided tax advice. Partner Dominic Foulkes provided U.K. tax advice. Counsel Michael Comstock provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and London offices.