Vertiv Holdings Completes $300 Million Secondary Offering of Class A Common Stock

Paul, Weiss represented Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, in an underwritten secondary public offering of 23,000,000 shares of Vertiv’s Class A common stock by selling stockholder VPE Holdings, LLC, an affiliate of Platinum Equity, LLC. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acted as joint bookrunning managers of, and as representatives of the underwriters for, the offering. Additionally, BofA Securities, Inc., Citigroup and Evercore ISI acted as joint bookrunning managers of, and underwriters for, the offering, and Guggenheim Securities, LLC acted as a co-manager.

The Paul, Weiss team included corporate partners John Kennedy, Christopher Cummings and Claudine Meredith-Goujon and counsel Patricia Vaz de Almeida; tax partner Robert Holo; employee benefits partner Jean McLoughlin; and litigation partner Geoffrey Chepiga and counsel Steven Herzog.