BrightView’s $539 Million Initial Public Offering

Simpson Thacher represented BrightView Holdings, Inc. (“BrightView”), a portfolio company of Kohlberg Kravis Roberts & Co. L.P., in connection with its initial public offering of common stock, which raised approximately $539 million in gross proceeds, reflecting the full exercise of the underwriters’ option to purchase additional shares. Shares of BrightView are now listed on the New York Stock Exchange under the ticker symbol “BV.”

BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 19,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development for thousands of customers’ properties, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others.

The Simpson Thacher team included Joe Kaufman (Picture), Brian Rosenzweig, Rob Kelley and Chase Bentley (Capital Markets); Gary Horowitz and Jakob Rendtorff (M&A); James Rapp and Joia Lee (Public Company Advisory Practice); Tristan Brown and Alisa Tschorke (Executive Compensation and Employee Benefits); Katharine Moir and Brian Mendick (Tax); James Cross, Michael Vernace and Michael Ratay (Credit); Jennie Getsin (FINRA); Michael Isby (Environmental); and Marcela Robledo (Intellectual Property).

Davis Polk advised Goldman Sachs & Co. LLC, J.P. Morgan, KKR and UBS Investment Bank acting as Joint Book-Running Managers with a team including Byron B. Rooney and Joseph A. Hall and associates Ferrell Maguire Keel, Jenny J. Choi, Amarilice C. Young and Yifu Chen. Counsel Marcie A. Goldstein provided FINRA advice. Partner Veronica M. Wissel provided executive compensation advice. Partner David H. Schnabel provided tax advice. Counsel Loyti Cheng provided environmental advice.

Involved fees earner: Byron Rooney – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Ferrell Maguire Keel – Davis Polk & Wardwell; Jenny Choi – Davis Polk & Wardwell; Amarilice Young – Davis Polk & Wardwell; Yifu Chen – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Joseph Kaufman – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Robert Kelley – Simpson Thacher & Bartlett; Chase Bentley – Simpson Thacher & Bartlett; Gary Horowitz – Simpson Thacher & Bartlett; Jakob Rendtorff – Simpson Thacher & Bartlett; James Rapp – Simpson Thacher & Bartlett; Joia Lee – Simpson Thacher & Bartlett; Tristan Brown – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; James Cross – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Michael Ratay – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett;

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

Clients: Goldman, Sachs & Co.; JP Morgan; UBS Investment Bank; KKR; BrightView Holdings Inc;

Author: Ambrogio Visconti