Hayward Holdings’ $348 Million Secondary Offering

Ropes & Gray advised Hayward, while Davis Polk advised the several underwriters in the offering.

Hayward Holdings, Inc. executed a $348 million follow-on public offering of its common stock by certain selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “HAYW.”

Goldman Sachs & Co. LLC, BofA Securities, Inc., Nomura Securities International, Inc., WR Securities, LLC, Robert W. Baird & Co. Incorporated, Guggenheim Securities, LLC, William Blair & Company, L.L.C., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Jefferies LLC, KeyBanc Capital Markets Inc., BMO Capital Markets Corp and AmeriVet Securities, Inc. acted as underwriters for the offering.

Hayward is a leading global designer and manufacturer of pool equipment and technology all key to the SmartPad conversion strategy designed to provide a superior outdoor living experience. Hayward offers a full line of innovative, energy-efficient and sustainable residential and commercial pool equipment, including a complete line of advanced pumps, filters, heaters, automatic pool cleaners, LED lighting, internet of things (IoT) enabled controls, alternate sanitizers and water features.

The Davis Polk capital markets team included partner Michael Kaplan (Picture) and associates Jacqueline Marino and Courtney Y. Sohn. Partner Frank J. Azzopardi and associate Joshua Cameron Shirley provided intellectual property advice. The tax team included partner Mario J. Verdolini and associate Liang Zhang. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. 

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Jacqueline Marino – Davis Polk & Wardwell; Joshua Cameron Shirley – Davis Polk & Wardwell; Courtney Sohn – Davis Polk & Wardwell; Timothy Sullivan – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: AmeriVet Securities; Bank of America Securities; BMO Capital Markets; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; Guggenheim Securities; Jefferies; KeyBanc Capital Markets; Morgan Stanley; Nomura Securities International Inc.; Robert W. Baird & Co.; William Blair & Company, L.L.C.; WR Securities LLC ;