Sotera Health Company’s $675 Million Common Stock Offering

Simpson Thacher represented the underwriters on the offering.

The offering was issued by certain affiliates of Warburg Pincus LLC and GTCR, LLC, as well as certain current and former members of management of Sotera Health Company (“Sotera Health”), and consisted of an aggregate of 25,000,000 shares of Sotera Health’s common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock. The offering raised approximately $675 million in aggregate gross proceeds for the selling stockholders and closed on March 22, 2021.

The underwriters included J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Jefferies LLC, Barclays Capital Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC, BNP Paribas Securities Corp., KeyBanc Capital Markets Inc., Citizens Capital Markets, Inc., ING Financial Markets LLC, Academy Securities, Inc., Loop Capital Markets LLC, Penserra Securities LLC, Siebert Williams Shank & Co., LLC, and Tigress Financial Partners LLC.

Sotera Health is a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry. Sotera Health goes to market through three businesses–Sterigenics®, Nordion® and Nelson Labs®. Sotera Health is committed to its mission, Safeguarding Global Health®.

The Simpson Thacher team for this transaction included Art Robinson (Picture), Jean Park, Kirsten Harmon and Ben Kloss (Capital Markets); Vanessa Burrows (Healthcare); Mike Isby (Environmental); Andrew Blau and Pasco Struhs (Executive Compensation and Employee Benefits); Joia Lee (Public Company Advisory Practice); Jonathan Cantor and Suzy Yaster (Tax); Andrew Pagliughi (FINRA & Blue Sky); and Alysha Sekhon (IP).

Involved fees earner: Andrew Blau – Simpson Thacher & Bartlett; Vanessa Burrows – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Kirsten Harmon – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Benjamin Kloss – Simpson Thacher & Bartlett; Joia Lee – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Jean Park – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Academy Securities; Barclays Capital ; BNP Paribas Securities; Citigroup Global Markets Ltd; Citizens Capital Markets; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; ING Financial Markets LLC; J.P. Morgan Securities LLC; Jefferies; KeyBanc Capital Markets; Loop Capital Markets; Penserra Securities; RBC Capital Markets; Siebert Williams Shank & Co. LLC; Tigress Financial Partners;

Author: Martina Bellini