Maravai LifeSciences’s $646.9 Million Secondary Offering

Davis Polk advised the joint book-running managers in the offering.

The $646.9 million secondary offering of 20,700,000 shares of common stock of Maravai LifeSciences Holdings, Inc. were issued by certain selling shareholders, which includes 2,700,000 shares from the full exercise of the underwriters’ option to purchase additional shares. Maravai’s Class A common stock is listed on the Nasdaq Global Select Market under the symbol “MRVI.”

Morgan Stanley & Co. LLC, Jefferies LLC, Goldman Sachs & Co. LLC, BofA Securities, Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC, Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Stifel, Nicolaus & Company, Incorporated, KeyBanc Capital Markets Inc., Academy Securities, Inc., Loop Capital Markets LLC, Penserra Securities LLC and Tigress Financial Partners LLC acted as underwriters for the offering.

Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics, novel vaccines and support research on human diseases. Maravai’s products address the key phases of biopharmaceutical development and include complex nucleic acids for diagnostic and therapeutic applications, antibody-based products to detect impurities during the production of biopharmaceutical products and products to detect the expression of proteins in tissues of various species. Maravai LifeSciences is headquartered in San Diego, California.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associate Daniel Reichert. Counsel Kiara L. Rankin and associate Benjamin Helfgott provided tax advice. Partner David R. Bauer and associate Brette L. Trost provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: David Bauer – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Benjamin Helfgott – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Daniel Reichert – Davis Polk & Wardwell; Brette Trost – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Academy Securities; Bank of America Securities; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; Jefferies; KeyBanc Capital Markets; Loop Capital Markets; Morgan Stanley; Penserra Securities; Robert W. Baird & Co.; Stifel, Nicolaus & Company, Incorporated; Tigress Financial Partners; UBS Securities LLC; William Blair & Company, L.L.C.;

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Martina Bellini

Author: Martina Bellini