Global law firm White & Case LLP has advised DPC Holdings PLC (Doncasters) on its blockbuster initial public offering in the United States. The IPO was upsized and provided gross proceeds to the company of approximately US$1.1 billion after the underwriters exercised their option to purchase additional shares. The ordinary shares commenced trading on the New York Stock Exchange under the ticker "DPC."
White & Case LLP also advised the company in connection with concurrent private placements of ordinary shares to the Qatar Investment Authority for US$75 million and to certain existing shareholders for approximately US$68.76 million.
Doncasters is a leading international manufacturer of highly engineered precision engine products serving the aerospace and industrial gas turbine markets. The company operates globally across 14 advanced manufacturing facilities, with vertically integrated operations serving strategic partnerships with major blue-chip customers.
The White & Case team was led by partners Richard Browne (London), Jessica Chen and John Vetterli (both in New York). The team was supported by New York partners Maia Gez, Adam Johnson and Robin Melman; counsel Quentin Wiest and associates Katie Birnhak, Ashley Chana and Ernesto Torres (all in New York), and Siobhan MacLoingsigh (London). Law clerks Hopper Murray and Audrey Vivas (both in New York) also assisted on the matter.
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