The offering involved 20.125 million ordinary shares

Davis Polk advised the representatives of the underwriters on the approximately $329 million SEC-registered offering by certain shareholders of Gates Industrial Corporation plc of 20.125 million of Gates ordinary shares.

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 (“first-fit”) manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Its products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries to everyday consumer applications including virtually every form of transportation.

The Davis Polk corporate team included partner Michael Kaplan and associates David Li and Marquis J. Pullen. Partner Kara L. Mungovan and associate Ted Lee provided U.S. tax advice. All members of the Davis Polk team are based in the New York office.