The SEC-registered offering consists of 25.875 million shares

Davis Polk advised the representatives of the underwriters on the approximately $304 million SEC-registered offering by certain shareholders of Gates Industrial Corporation plc of 25,874,000 Gates ordinary shares.

Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates products play essential roles in a diverse range of applications across end markets ranging from industries such as agriculture, construction, manufacturing and energy to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Gates products are sold in more than 130 countries across four commercial regions: the Americas; Europe, Middle East and Africa; Greater China; and East Asia and India.

The Davis Polk corporate team included partner Michael Kaplan and associates David Li and Marquis J. Pullen. Partner Kara L. Mungovan and associate Eitan Ulmer provided U.S. tax advice. Partner Jonathan Cooklin and counsel Dominic Foulkes provided U.K. tax advice. Members of the Davis Polk team are based in the New York and London offices.