Vertiv’s Common Stock Offering

Latham & Watkins represented Vertiv in the offering, while Simpson Thacher & Bartlett represented the underwriters.

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, executed its underwritten secondary offering of 20,000,000 shares of Vertiv’s Class A common stock by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC, pursuant to an effective registration statement on file with the Securities and Exchange Commission. In connection with the offering, Platinum has granted to the underwriters a 30-day option to purchase up to 3,000,000 additional shares of Vertiv’s Class A common stock. Gross proceeds to the Selling Stockholder were $544,303,472.

J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Citigroup acted as joint book-running managers of, and as the underwriters for, the offering.

Vertiv brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network.

Latham & Watkins represented Vertiv in the offering, with a Texas-based corporate team led by Austin partner David Miller (Picture) and Houston partners Nick Dhesi and Trevor Lavelle, with associates Monica White, Ziyad Barghouthy, Zainab Hashmi, and Brian Bruzzo. Advice was also provided on tax matters by Houston partners Bryant Lee and Jim Cole, with associate Dominick Constantino; and on environmental matters by Los Angeles counsel Joshua Marnitz. 

The Simpson Thacher team included David Azarkh, John O’Connell and Ignacio Perez (Capital Markets); Tim Gallagher (Real Estate); Michael Mann and Adam Hersch (Tax); Genevieve Dorment (Intellectual Property); Jeanne Annarumma and Allison Sweeney (Executive Compensation and Employee Benefits); Timothy Mulvihill (Environmental); and Jennie Getsin (Blue Sky).

Involved fees earner: Ziyad Barghouthy – Latham & Watkins; Brian Bruzzo – Latham & Watkins; Jim Cole – Latham & Watkins; Dominick Constantino – Latham & Watkins; Nick Dhesi – Latham & Watkins; Zainab Hashmi – Latham & Watkins; Trevor Lavelle – Latham & Watkins; Bryant Lee – Latham & Watkins; Joshua Marnitz – Latham & Watkins; David Miller – Latham & Watkins; Monica White – Latham & Watkins; Jeanne Annarumma – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Ignacio Perez Bessio – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Adam Hersch – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Allison Sweeney – Simpson Thacher & Bartlett;

Law Firms: Latham & Watkins; Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Vertiv Group Corporation;