Clarios International’s Initial Pubic Offering

Cleary Gottlieb represented the underwriters, led by BofA Securities and J.P. Morgan, in the initial public offering.

Clarios International Inc. (“Clarios”), a world leader in advanced energy storage solutions, announced the launch of the roadshow for its IPO of 88,080,495 shares of its common stock (the “Common Stock”) and 10,000,000 shares of its series A mandatory convertible preferred stock (the “Mandatory Convertible Preferred Stock”) pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”).  Clarios has applied to list its Common Stock and Mandatory Convertible Preferred Stock on the New York Stock Exchange under the ticker symbols BTRY and BTRY PRA, respectively.

Clarios intends to use the net proceeds received from the IPO to pay down debt.

BofA Securities and J.P. Morgan are acting as joint lead book-running managers for the offerings and as representatives of the underwriters for the offerings. Barclays, BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, Citigroup, HSBC, RBC Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, and Guggenheim Securities are also serving as book-running managers. Credit Agricole CIB, ING, National Bank of Canada Financial Inc., Natixis, Santander and Siebert Williams Shank are acting as co-managers for the proposed offerings.

The Cleary Gottlieb team included partner David Lopez (Picture), counsel Helena Grannis, and associates Olivia Wittels and Nikta Daijavad on the IPO,  and partner David Lopez, senior attorney David Parish, and associate Juliette Todd on the Mandatory piece. The tax team includes counsel J.J. Gifford and associates Adriana De Bartolo and Victoria Ju. 

Involved fees earner: Nikta Daijavad – Cleary Gottlieb Steen & Hamilton; Adriana de Bartolo – Cleary Gottlieb Steen & Hamilton; Jonathan Gifford – Cleary Gottlieb Steen & Hamilton; Helena Grannis – Cleary Gottlieb Steen & Hamilton; Victoria Ju – Cleary Gottlieb Steen & Hamilton; David Lopez – Cleary Gottlieb Steen & Hamilton; David Parish – Cleary Gottlieb Steen & Hamilton; Juliette Todd – Cleary Gottlieb Steen & Hamilton; Olivia Wittels – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Bank of America Securities; Barclays Capital ; BMO Capital Markets; CIBC Capital Markets; Citigroup Inc.; Crédit Agricole Corporate and Investment Bank; Credit Suisse; Deutsche Bank Securities; Goldman Sachs & Co.; Guggenheim Securities; HSBC; ING Bank; J.P. Morgan Securities LLC; National Bank of Canada Financial Inc.; Natixis; RBC Capital Markets; Santander; Scotiabank; Siebert Williams Shank & Co. LLC; TD Securities;

Author: Martina Bellini