CEVA Logistics AG CHF 1.2 Billion Initial Public Offering and Concurrent Private Placement

Davis Polk advised the joint global coordinators in connection with the initial public offering of CEVA Logistics AG on the SIX Swiss Exchange and concurrent private placement of mandatory convertible securities.

CEVA issued 29,856,537 registered shares in the offering, at CHF 27.50 per share, for total gross proceeds of CHF 821 million and placed CHF 379 million of mandatory convertible securities in the concurrent private placement. The registered shares are traded on the SIX Swiss Exchange under the symbol “CEVA.”

Credit Suisse and Morgan Stanley are acting as Joint Global Coordinators. Deutsche Bank, UBS Investment Bank and Berenberg are acting as Joint Bookrunners. HSBC and Vontobel are acting as Co-Bookrunners. Rothschild is acting as independent IPO advisor to the Company.

CEVA, headquartered in Baar, Switzerland, is a global asset-light supply chain management company that designs and implements industry-leading solutions for large and medium-size national and multinational companies. Approximately 56,000 employees in more than 160 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network..

The Davis Polk corporate team included partners Michael Kaplan (Picture) and Leo Borchardt and associates Roshni Banker Cariello, Ida Araya-Brumskine, Matthew M. Funk and Jamie Kurtz. Senior counsel Kathleen L. Ferrell provided tax advice. Counsel Betty Moy Huber and associate James A. Eland provided environmental advice. Counsel Jeanine P. McGuinness provided regulatory advice.

 

Involved fees earner: Michael Kaplan – Davis Polk & Wardwell; Leo Borchardt – Davis Polk & Wardwell; Roshni Banker Cariello – Davis Polk & Wardwell; Ida Araya-Brumskine – Davis Polk & Wardwell; Matthew Funk – Davis Polk & Wardwell; Jamie Kurtz – Davis Polk & Wardwell; Kathleen Ferrell – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; James Eland – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Credit Suisse; Morgan Stanley;