Ingersoll Rand’s $371 Million Secondary Offering


Simpson Thacher represented Ingersoll Rand Inc. and KKR Renaissance Aggregator L.P. on the deal.

Ingersoll Rand Inc. and KKR Renaissance Aggregator L.P. (the “Selling Stockholder”) completed a secondary offering of common stock. The offering of 12,100,000 shares of common stock raised approximately $371 million in gross proceeds. The Selling Stockholder received all proceeds from the offering.

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as the underwriters of the offering.

Ingersoll Rand is a leading global provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. Ingersoll Rand supports its customers through its global geographic footprint of 63 key manufacturing facilities, more than 80 complementary service and repair centers across six continents and over 16,500 employees worldwide.

The Simpson Thacher team advising Ingersoll Rand and KKR Renaissance Aggregator included Richard Fenyes (Picture), Brian E. Rosenzweig, Brian Mathes and Collin Hunt (Capital Markets); Amanda Weiss and James Rapp (Public Company Advisory Practice); Nancy Mehlman and Jodi Schneider (Tax); and Bobbie Burrows (Intellectual Property).

Involved fees earner: Bobbie Burrows – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Collin Hunt – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; James Rapp – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Ingersoll-Rand plc; KKR Renaissance Aggregator;

Author: Ambrogio Visconti