Davis Polk advised Clarivate Analytics plc in connection with the $857 million SEC-registered secondary offering of 49,680,000 of its ordinary shares by certain funds affiliated with Onex Partners and Baring Private Equity Asia as selling shareholders. The ordinary shares are listed on the New York Stock Exchange under the symbol “CCC.”
Clarivate Analytics plc is a multinational company that owns and operates a collection of subscription-based services focused largely on analytics, including scientific and academic research, patent analytics, regulatory standards, trademark protection, pharmaceutical and biotechnology intelligence, domain brand protection and intellectual property management. Clarivate, a portfolio company of Onex Partners and Baring Private Equity Asia, merged with Churchill Capital Corp, a publicly traded investment vehicle, in May 2019.
The Davis Polk capital markets team included partner Joseph A. Hall and associates Cameron C. Lewis, Rahul K. Patel and Charles York. The U.S. tax team consisted of partner Michael Mollerus and associate Ariel David Siman and partner Jonathan Cooklin and counsel Dominic Foulkes provided English tax advice. Partner Kyoko Takahashi Lin
advised on executive compensation matters. Counsel Sarah E. Kim advised on investment management matters. Members of the Davis Polk team are based in the New York and London offices.