The offering involved 23 million ordinary shares

Davis Polk advised the representatives of the underwriters on the approximately $386 million SEC-registered offering by certain shareholders of Gates Industrial Corporation plc of 23 million Gates ordinary shares.

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 participates in many sectors of the industrial and consumer markets. 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.

The Davis Polk corporate team included partner Michael Kaplan and associates David Li and Marquis J. Pullen. Partner Kara L. Mungovan and associate Ted Lee provided U.S. tax advice. Partner Dominic Foulkes and associate Patrick O’Donovan provided U.K. tax advice. Members of the Davis Polk team are based in the New York and London offices.

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