Davis Polk advised the managers in the initial public offering of 97,756,603 shares of Dometic Group AB (publ) (“Dometic”) on Nasdaq Stockholm, including newly issued shares as well as existing shares sold by Dometic’s principal owner, EQT V. In addition, the underwriters have an over-allotment option with respect to 14,663,490 shares held by EQT. With an offer price set at SEK 48 per share, the total gross proceeds amount to approximately SEK 5.4 billion ($620 million), assuming full exercise of the over-allotment option.

Dometic provides branded solutions for mobile living in the areas of climate, hygiene and sanitation and food and beverage. It manufactures and sells a broad range of products within these areas for use in recreational vehicles (such as motorhomes and caravans or towables), trucks and premium cars, pleasure and work boats and for a variety of other uses. Products include air conditioners, furnaces, awnings, vents and windows and doors within climate; water heaters and toilets within hygiene and sanitation; and refrigerators, cooking equipment, ovens and mobile coolers within food and beverage. Dometic operates 22 manufacturing/assembly sites in nine countries, sells its products in approximately 100 countries and manufactures approximately 85% of products sold in-house. Dometic markets and sells its products under one main brand, Dometic, as well as supporting brands such as WAECO, Atwood, A ATWOOD AIR COMMAND, MOBICOOL, Marine Air Systems, Condaria, Cruisair and SeaLand.

The Davis Polk corporate team included partner Paul Etienne Kumleben, counsel Connie I. Milonakis and associate Taylor Hedrick. Partner John D. Paton and associate Lena X. Qiu provided tax advice. All members of the Davis Polk team are based in the London office.

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