Simpson Thacher represented BofA Securities, Inc., in connection with the secondary offering by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC (the “Selling Stockholder”), of an aggregate of 20,000,000 shares of Vertiv Holdings Co (NYSE: VRT) (“Vertiv”) common stock. Gross proceeds to the Selling Stockholder were $698,200,000.
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. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries.
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