Equity
Weil’s Capital Markets team advises private equity sponsors, financial institutions, and corporate issuers on a broad range of public and private equity securities offerings.
Weil has extensive experience representing issuers and underwriters on all aspects of equity transactions, including:
- IPOs
- Secondary offerings
- Follow-on offerings
- Shelf registrations
- Equity-linked securities
- Equity-based acquisition financings
- PIPEs
- Private placements
- Tender/exchange offers
We have extensive experience advising clients on IPOs and bring keen market insights and seasoned judgment to bear on the broad range of matters that arise throughout the IPO process. In conjunction with our Private Equity practice, we frequently advise portfolio companies of private equity firms on their IPOs and follow-on/secondary offerings.
Selected Representations
AMC Entertainment Holdings, Inc.
- as issuer, in a $350 million at-the-market offering of its Class A common stock.
- as issuer, in a $250 million at-the-market offering of its Class A common stock.
Air Methods Corporation
Air Methods Corporation, as issuer, in a $185 million rights offering to holders of certain of its secured lenders in connection with Air Methods' emergence from Chapter 11.
Blue Bird Corporation
- As selling stockholder, in a $133 million secondary offering of 4,042,650 shares of common stock.
- As selling stockholder, in a $63 million secondary offering of 2,500,000 shares of common stock.
Camping World Holdings, Inc.
Goldman, Sachs and J.P. Morgan, as joint lead book-running managers and representatives of several underwriters, in a $300 million primary follow-on offering of Class A common stock in Camping World Holdings, Inc. (a portfolio company of Crestview Advisors).
Core Scientific, Inc.
Core Scientific, Inc. in the issuance of two tranches of warrants, a security representing entitlements to contingent payment obligations and a equity rights offering in connection with its emergence from Chapter 11.
CrownRock Holdings, LP
J.P. Morgan Securities, Morgan Stanley and RBC Capital Markets, as underwriters, in a $1.72 billion block trade by CrownRock Holdings, L.P., as selling stockholder, of 29,560,619 shares of Occidental Petroleum Corporation.
Fluence Energy, Inc.
- J.P. Morgan and Morgan Stanley, as representatives of the underwriters, in the $998 million initial public offering of Fluence Energy, Inc. (a joint venture of Siemens AG and AES Energy Storage), a provider of renewable energy storage and digital applications.
- J.P. Morgan, Morgan Stanley, and a major financial institution, as underwriters, in connection with the secondary offering of 18,000,000 shares of Fluence Energy, Inc.'s Class A common stock by AES Grid Stability, LLC, Siemens Pension-Trust e.V., an affiliate of Siemens AG, and Qatar Holding LLC, as selling stockholders.
Fortress Investment Group
Fortress Value Acquisition Corp. IV, a SPAC sponsored by Fortress Investment Group, in its $600 million initial public offering.
Keurig Dr Pepper Inc.
- Morgan Stanley, as underwriter, in a $2.9 billion block trade of approximately 100,000,000 (including exercise of overallotment) shares of common stock of Keurig Dr Pepper Inc. by JAB BevCo B.V. and a concurrent repurchase of 35,000,000 shares of common stock by Keurig Dr Pepper Inc.
- Morgan Stanley, as underwriter, in a $2.3 billion block trade of approximately 69,000,000 (including exercise of overallotment) shares of common stock of Keurig Dr Pepper Inc. by JAB BevCo B.V.
Oatly Group AB
Morgan Stanley, J.P. Morgan and Credit Suisse, as representatives of the underwriters, in the $1.6 billion initial public offering, via American Depositary Shares, of Oatly Group AB (a portfolio company of a joint venture between China Resources and Verlinvest)
Ontario Teachers' Pension Plan Board
Ontario Teachers' Pension Plan Board, as selling shareholder, in a $723 million block trade sale of subordinate voting shares of GFL Environmental Inc.
Getty Images Holdings, Inc.
Getty Images Holdings, Inc. (target in de-SPAC Merger with CC Neuberger Principal Holdings) in its $865 million issuance of common stock and warrants to parties that had subscribed for same prior to the de-SPAC merger, with proceeds to be used to repay existing indebtedness.
Thomas H. Lee Partners
- Affiliates of Thomas H. Lee Partners, as sellers, in an approximately $127 million Rule 144 sale of 13.4 million shares of common stock of Dun & Bradstreet Holdings, Inc. (a public company backed by an investor consortium led by THL Partners, Black Knight, CC Capital, and a holding company) to Goldman Sachs.
- Affiliates of Thomas H. Lee Partners, as selling shareholder, in a Rule 144 sale of Class A common stock of Alight, Inc.
TPG Inc.
- TPG Inc. in its $1.1 billion initial public offering.
- TPG Inc. in its $647 million secondary offering of 15,526,915 shares of its Class A common stock.
UL Solutions Inc.
- Goldman Sachs, J.P. Morgan and a major financial institution, as the lead underwriters, in a $1.1 billion initial public offering (including the full exercise of the underwriters’ over-allotment option) of UL Solutions Inc.
- Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as lead underwriters, in a $980 million secondary offering of 20 million shares of its Class A common stock of UL Solutions Inc.
- Goldman Sachs, J.P. Morgan and another financial institution, as lead underwriters, in a $147 million follow-on secondary offering of 3 million shares of its Class A common stock of UL Solutions Inc.