Gates Industrial $87.1 million secondary offering
Davis Polk advised the underwriter on the approximately $87.1 million SEC-registered offering by certain shareholders of Gates Industrial Corporation plc of 5.75 million of Gates ordinary shares.
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. It offers a broad portfolio of products to diverse replacement channel customers, and to original equipment 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 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.
The Davis Polk corporate team included partner Michael Kaplan and associates David Li and Livia Maas. Partner Dan Hirschovits and European counsel John Taylor provided U.K. corporate advice. Partner Po Sit and associate Eitan Ulmer provided U.S. tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Frank J. Azzopardi and associate Graham Duff provided advice relating to intellectual property. Members of the Davis Polk team are based in the New York and London offices.