AquaVenture’s $79.6 Million Follow-On Public Offering


Goodwin Procter LLP and Conyers Dill & Pearman advised AquaVenture Holdings Limited on the deal. Paul, Weiss team advised the underwriters on the transaction.

AquaVenture Holdings Limited completed its follow-on public offering of ordinary shares.

The gross proceeds to the issuer from the offering were approximately $79.6 million, before deducting underwriting discounts and estimated offering expenses. Citigroup, RBC Capital Markets and UBS Investment Bank acted as joint bookrunning managers for the offering. Canaccord Genuity and Raymond James also acted as joint bookrunning managers for the offering. JMP Securities, B. Riley FBR, Lake Street Capital Markets and Roth Capital Partners acted as co-managers. The issuer’s ordinary shares are listed on the NYSE under the ticker symbol “WAAS”.

Citigroup, RBC Capital Markets, UBS Investment Bank, Canaccord Genuity, Raymond James, JMP Securities, B. Riley FBR, Lake Street and Roth Capital Partners acted as underwriters on the deal.

The Paul, Weiss team advising the underwriters included capital markets and finance partner Tracey Zaccone (Picture).

Involved fees earner: Tracey Zaccone – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: B. Riley FBR; Canaccord Genuity; Citigroup Inc.; JMP Securities LLC; Lake Street Capital Markets LLC; Raymond James Financial, Inc.; RBC Capital Markets; Roth Capital Partners, LLC; UBS Investment Bank;