Gates Industrial $194 million secondary offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the representatives of the underwriters on the approximately $194 million SEC-registered offering by certain shareholders of Gates Industrial Corporation plc of 17.25 million Gates ordinary shares. The shares are listed on the New York Stock Exchange under the symbol “GTES.”
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment (“first-fit”) manufacturers as specified components. Gates products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries to everyday consumer applications including virtually every form of transportation. Gates’ products are sold in over 130 countries across four commercial regions: the Americas; Europe, Middle East and Africa; Greater China; and East Asia and India.
The Davis Polk corporate team included partner Michael Kaplan and associates David Li and Marquis J. Pullen. Partner Kara L. Mungovan and associate Betsy Johnson provided U.S. tax advice. All members of the Davis Polk team are based in the New York office.