Aveanna’s $458.8 Million Initial Public Offering

Davis Polk advised the several underwriters in the offering.

Aveanna Healthcare Holdings Inc. executes its $458.8 million initial public offering of 38,236,000 shares of common stock. Aveanna’s common stock is listed on the Nasdaq Global Select Market under the symbol “AVAH.”

Barclays Capital Inc., J.P. Morgan Securities LLC, BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, BofA Securities, Inc., Deutsche Bank Securities Inc., Jefferies LLC, RBC Capital Markets, LLC, Raymond James & Associates, Inc., Stephens Inc., Truist Securities, Inc., Drexel Hamilton, LLC, and Siebert Williams Shank & Co., LLC acted as underwriters for the offering.

Aveanna is a diversified home care platform focused on providing care to medically complex, high-cost patient populations. Aveanna directly addresses the most pressing challenges facing the U.S. healthcare system by providing safe, high-quality care in the home, the lower cost care setting preferred by patients.

The Davis Polk corporate team advising the underwriters included partners Michael Kaplan (Picture) and Roshni Banker Cariello and associate Rahul K. Patel. Counsel Kiara L. Rankin provided tax advice. Partner Frank J. Azzopardi and associates Mikaela Dealissia and Chelsea Renter provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. 

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Roshni Banker Cariello – Davis Polk & Wardwell; Mikaela Dealissia – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Rahul Patel – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Chelsea Renter – Davis Polk & Wardwell; Michael Kaplan – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Bank of America; Barclays Capital ; BMO Capital Markets; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities; Drexel Hamilton; J.P. Morgan Securities LLC; Raymond James & Associates, Inc.; RBC Capital Markets; Siebert Williams Shank & Co. LLC; Stephens Inc.; Truist Securities Inc. ;

Author: Martina Bellini