Gardner Denver’s $911 Million Secondary Offering


Simpson Thacher recently represented Gardner Denver Holdings, Inc. and KKR Renaissance Aggregator L.P., in connection with a secondary offering of common stock by the KKR Selling Stockholder and certain other selling stockholders.

The offering of 30,533,478 shares of common stock, which included the underwriters’ option to purchase 3,982,627 additional shares, raised approximately $911 million in gross proceeds. The Selling Stockholders received all proceeds from the offering.

Goldman Sachs & Co. LLC, Citigroup, KKR Capital Markets, Simmons & Company International (Energy Specialists of Piper Jaffray), UBS Investment Bank, Baird, Credit Suisse, Deutsche Bank Securities, Houlihan Lokey, J.P. Morgan, William Blair and Stifel acted as bookrunners of the offering, and Credit Agricole CIB, HSBC, Macquarie Capital and Mizuho Securities acted as co-managers of the offering.

Gardner Denver is a leading global provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. Gardner Denver supports its customers through its global geographic footprint of 39 key manufacturing facilities, more than 30 complementary service and repair centers across six continents and approximately 6,600 employees worldwide.

The Simpson Thacher team included Richard Fenyes (Picture), Brian E. Rosenzweig, Davis Mahon and Grady Chang (Capital Markets); Amanda Weiss (Public Company Advisory Practice); David Rubinsky, Jeanne Annarumma and Patricia Adams (Executive Compensation and Employee Benefits); Nancy Mehlman and Jodi Schneider (Tax); Adeeb Fadil and Tim Mulvihill (Environmental); and Lawrence Huang (Intellectual Property).

Involved fees earner: Richard Fenyes – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Davis Mahon – Simpson Thacher & Bartlett; Grady Chang – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Lawrence Huang – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Gardner Denver; KKR;

Author: Ambrogio Visconti