Clarivate $631 million secondary offering
Davis Polk advised Clarivate Plc in connection with a registered secondary offering of 25,000,000 of its ordinary shares by affiliated funds of Onex Corporation and Baring Private Equity Asia, generating net proceeds of approximately $631 million.
Clarivate is a global leader in providing solutions to accelerate the lifecycle of innovation. Its mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. Clarivate helps customers discover, protect and commercialize their inventions using its trusted subscription and technology-based solutions coupled with deep domain expertise.
The Davis Polk corporate team included partner Joseph A. Hall, counsel Dan Gibbons and associates Rahul K. Patel, Stephen H. Karp and Jennifer Tedrick. Partners Michael Mollerus and Jonathan Cooklin, counsel Dominic Foulkes and associate Ariel Siman provided tax advice. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.