Vertiv Holdings’ $300 Million Class A Common Stock Offering

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Vertiv Holdings Co in the offering, while Cahill represented the underwriters.

Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, completed an underwritten secondary public offering of 23,000,000 shares of Vertiv’s Class A common stock by selling stockholder VPE Holdings, LLC, an affiliate of Platinum Equity, LLC.

J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acted as joint bookrunning managers of, and as representatives of the underwriters for, the offering. Additionally, BofA Securities, Inc., Citigroup and Evercore ISI acted as joint bookrunning managers of, and underwriters for, the offering, and Guggenheim Securities, LLC acted as a co-manager.

The Paul, Weiss team included corporate partners John Kennedy (Picture), Christopher Cummings and Claudine Meredith-Goujon and counsel Patricia Vaz de Almeida; tax partner Robert Holo; employee benefits partner Jean McLoughlin; and litigation partner Geoffrey Chepiga and counsel Steven Herzog.

Cahill represented the underwriters with James J. Clark, Douglas S. Horowitz, Meghan McDermott, Brittany Schulman, Mark Loftus, Kirk Fauser, Asha Amin, and Patrick W. Brady.

Involved fees earner: Asha Amin – Cahill Gordon & Reindel; Patrick Brady – Cahill Gordon & Reindel; Kirk Fauser – Cahill Gordon & Reindel; Douglas Horowitz – Cahill Gordon & Reindel; James Clark – Cahill Gordon & Reindel; Mark Loftus – Cahill Gordon & Reindel; Meghan McDermott – Cahill Gordon & Reindel; Brittany Schulman – Cahill Gordon & Reindel; Geoffrey Chepiga – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Jean McLoughlin – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Patricia Vaz de Almeida – Paul Weiss Rifkind Wharton & Garrison; Robert Holo – Simpson Thacher & Bartlett;

Law Firms: Cahill Gordon & Reindel; Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Citigroup Inc.; Evercore Partners Ltd; Goldman Sachs & Co.; Guggenheim Securities; J.P. Morgan Securities LLC; Vertiv Group Corporation;

Author: Ambrogio Visconti