Davis Polk Advises SMART Global Holdings on Its $109.2 Million Secondary Offering

Davis Polk advised SMART Global Holdings, Inc. and certain selling shareholders in connection with an SEC-registered secondary offering of 3,261,102 ordinary shares by certain of SMART’s shareholders. Total gross proceeds to the selling shareholders were $109.2 million.

Headquartered in Cayman Islands, SMART develops specialty memory solutions, serving the electronics industry.

The Davis Polk capital markets team included partner Alan F. Denenberg and associates Marcus K. Hintze and Dylan Service. The tax team included partner Rachel D. Kleinberg and associate K. Daniel Berman. Counsel Cynthia Akard provided executive compensation advice. The intellectual property and technology team included counsel Michelle Ontiveros Gross and associate Jason J. Bang. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.