Novanta $632.5 million tangible equity units offering
We advised the representatives of the several underwriters on the offering
Davis Polk advised the representatives of the several underwriters in connection with a $632.5 million SEC-registered offering of 12,650,000 tangible equity units by Novanta Inc., which included 1,650,000 tangible equity units that the underwriters purchased pursuant to their option to acquire additional securities.
Headquartered in Bedford, Massachusetts, Novanta is a leading global supplier of core technology solutions for medical and advanced industrial original equipment manufacturers.
The Davis Polk capital markets team included partner Yasin Keshvargar and associate Sierra M. Acosta. The equity derivatives team included partner Mark M. Mendez, counsel M. Faisal Baloch and associate Melissa X. Estrada. Partner Aliza Slansky and associates Bradford Sherman and Katherine S. Xiu provided tax advice. Partner David R. Bauer and associates Anthony Tran and Elizabeth Pott provided intellectual property advice. All members of the Davis Polk team are based in the New York office.