TransMedics Group’s $70 Million Common Stock Offering

Ropes & Gray represented TransMedics Group in the transaction, while Davis Polk advised the representatives of the underwriters.

TransMedics Group Inc. completed the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $14.00 per share.

All of the shares are being offered by TransMedics. In connection with the offering, the underwriters have a 30-day option to purchase up to an additional 750,000 shares of common stock.

The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by TransMedics, are expected to be $70 million.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as representatives of the several underwriter for this offering.

TransMedics Group Inc. is a medical technology organ transplant therapy company for patients with end-stage lung, heart and liver failure.

Ropes & Gray represented TransMedics with a team led by capital markets partners Tara Fisher (Picture) and Paul Kinsella(both of Boston) and included life sciences regulatory partner Albert Cacozza (Washington, D.C.).

Davis Polk advised the representatives of the underwriters with a team including partner Richard D. Truesdell Jr. and associates Chris Van Buren and Ernesto Talamás Velázquez. Partner David R. Bauer and associates Jesse L. Hallock and Chelsea Renter provided intellectual property advice. The tax team included partner Mario J. Verdolini and associate Danielle Rapaccioli. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: David Bauer – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Danielle Rapaccioli – Davis Polk & Wardwell; Chelsea Renter – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Chris Van Buren – Davis Polk & Wardwell; Ernesto Talamás Velázquez – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Albert Cacozza – Ropes & Gray; Tara Fisher – Ropes & Gray; Paul Kinsella – Ropes & Gray;

Law Firms: Davis Polk & Wardwell; Ropes & Gray;

Clients: J.P. Morgan Securities LLC; Morgan Stanley; TransMedics Group;

Author: Ambrogio Visconti