Davis Polk advised Clarivate Plc in connection with the $1.08 billion SEC-registered offering of 48,000,000 of its ordinary shares, of which 14,000,000 ordinary shares were issued and sold by Clarivate and 34,000,000 ordinary shares were sold by affiliated shareholders of Onex Corporation and Baring Private Equity Asia (BPEA) and certain other shareholders. The ordinary shares are listed on the New York Stock Exchange under the symbol “CCC.”
Clarivate intends to use the net proceeds from this offering for general corporate purposes.
Clarivate 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.
The Davis Polk capital markets team included partner Joseph A. Hall and associates Dan Gibbons, Rahul K. Patel and Charles York. The U.S. tax team consisted of partner Michael Mollerus, associate Ariel David Siman and partner Jonathan Cooklin and counsel Dominic Foulkes provided English tax advice. Partner Kyoko Takahashi Lin and associate John G. Curran advised on executive compensation matters. Members of the Davis Polk team are based in the New York and London offices.