Convey Holding Parent’s $186.7 Million Initial Public Offering

Cravath represented Convey Holding Parent, while Davis Polk advised the representatives of the several underwriters in the offering.

Convey Holding Parent, Inc. (“Convey Health”) executed the $186.7 million initial public offering of 13,333,334 shares of its common stock, of which 1,666,667 shares were sold by a selling stockholder. The common stock is listed on the New York Stock Exchange under the symbol “CNVY.”

BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as representatives of each of the underwriters.

Convey Health is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement and analytics. Convey Health’s administrative solutions for government-sponsored health plans help to optimize member interactions, ensure compliance and support end-to-end Medicare processes.

The Davis Polk capital markets team included partners Michael Kaplan (Picture) and Derek Dostal and associate Heita Miki. Associates Yana Kipnis and Marisa Elena Bannon provided intellectual property advice. The tax team included counsel Ethan R. Goldman and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice.

The Cravath team included partners William V. Fogg and Michael E. Mariani and associates Alexander E. Greenberg and Andrew D. Norwich on capital markets matters, partner Kara L. Mungovan and associates Peter W. Rogers and Luis Calderon-Gomez on tax matters, and partner Eric W. Hilfers, practice area attorney Arian Mossanenzadeh and associate David Crampton on executive compensation and benefits matters.

Involved fees earner: Luis Calderon Gomez – Cravath Swaine & Moore; David Crampton – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Alexander Greenberg – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Norwich – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore; Marisa Elena Bannon – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Heita Miki – Davis Polk & Wardwell; Arian Mossanenzadeh – White & Case;

Law Firms: Cravath Swaine & Moore; Davis Polk & Wardwell; White & Case;

Clients: Bank of America Securities; Convey Holding Parent; Goldman Sachs & Co.; J.P. Morgan Securities LLC;

Author: Martina Bellini