Bentley Systems’ $368 Million Shares Offering


Simpson Thacher represented Bentley Systems in the transaction.

Bentley Systems, Incorporated (“Bentley”) executed its public offering of 11,500,000 shares of its Class B common stock at a price per share of $32, consisting of 1,896,035 shares sold by existing stockholders of Bentley and 9,603,965 shares sold by Bentley, including 1,500,000 shares sold by Bentley pursuant to the underwriters’ option to purchase additional shares, resulting in gross proceeds of $368 million.

Goldman Sachs & Co. LLC and BofA Securities acted as lead book-running managers, RBC Capital Markets, Baird and KeyBanc Capital Markets acted as a book-running managers, and Mizuho Securities acted as a co-manager for the offering.

Bentley is a leading global provider of software for infrastructure engineering, enabling the work of civil, structural, geotechnical and plant engineering practitioners, their project delivery enterprises and owner-operators of infrastructure assets.

The Simpson Thacher advising Bentley Systems team included Richard Fenyes (Picture), Jonathan Ozner, John O’Connell, Hyo Min Kim, Deul Lim and Alexander Leicht (Capital Markets); Tristan Brown and Jake Phillips (Executive Compensation and Employee Benefits); Shari Ness and James Rapp (Public Company Advisory Practice); Jonathan Cantor and Jasmine Hay (Tax); Genevieve Dorment and Kate Mirino (Intellectual Property); and Mike Isby (Environmental).

Involved fees earner: Tristan Brown – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Hyo Min Kim – Simpson Thacher & Bartlett; Alexander Leicht – Simpson Thacher & Bartlett; Deul Lim – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Shari Ness – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Jacob Phillips – Simpson Thacher & Bartlett; James Rapp – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bentley Systems;

Print Friendly, PDF & Email
Avatar

Author: Ambrogio Visconti