Davis Polk advised the sole book-running manager and representative of the underwriters in connection with the SEC-registered offering of 4,400,000 shares of common stock of Sun Hydraulics Corporation.
The common stock is listed on the Nasdaq Global Select Market under the symbol “SNHY.”
Morgan Stanley acted as sole book-running manager on the offering.
Based in Sarasota, Florida, Sun is a global industrial technology leader that develops and manufactures solution for both the hydraulics and electronics markets. In the hydraulics market, Sun is a leading manufacturer of high-performance screw-in hydraulic cartridge valves, electro-hydraulics, manifolds and integrated package solutions for the worldwide industrial and mobile hydraulics markets. In the electronics market, Sun is a global provider of innovative electronic control, display and instrumentation solutions for both recreational and off-highway vehicles, as well as stationary and power generation equipment.
The Davis Polk corporate team included partner Byron B. Rooney (Picture) and associates Christopher M. Bezeg and Yoojin L. Kim. The environmental team included counsel Loyti Cheng and associate Michael Comstock. Partner Mario J. Verdolini provided tax advice.
Involved fees earner: Byron Rooney – Davis Polk & Wardwell; Christopher Bezeg – Davis Polk & Wardwell; Yoojin Kim – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Morgan Stanley;