Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., in connection with the offering by Duck Creek Technologies, Inc. (“Duck Creek”) and certain selling stockholders of an aggregate of 10,350,000 shares of common stock of Duck Creek, which includes the full exercise of the underwriters’ option to purchase additional shares. The offering raised approximately $476 million in aggregate gross proceeds for Duck Creek and the selling stockholders and closed on February 2, 2021.
Duck Creek is the leading Software-as-a-Service provider of core systems for the P&C insurance industry.
The Simpson Thacher team for this transaction included Art Robinson, Hui Lin, Ben Heriaud, Ben Carson and Aseda Ghartey-Tagoe (Capital Markets); Tristan Brown and Alyssa Ohanian (Executive Compensation and Employee Benefits); Jonathan Cantor and Jasmine Hay (Tax); Jennie Getsin (FINRA & Blue Sky); Adeeb Fadil and Noreen Lavan (Environmental); Corina McIntyre (Intellectual Property); and Tim Gallagher (Real Estate).