Davis Polk advised Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. as underwriters in connection with the SEC-registered secondary offering of 5,984,232 shares of Class A common stock of Genesee & Wyoming Inc. by investment funds associated with The Carlyle Group. The net proceeds from the offering were approximately $580.7 million.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium.
The Davis Polk corporate team included partner Michael Kaplan and associates Melissa Glass and Jennifer Green. The tax team included partner Michael Mollerus, associate Juelle Gomes and law clerk Nicholas A. Machen. Partner Jeffrey P. Crandall provided ERISA advice. Counsel Betty Moy Huber and associate Kevin J. Klesh provided environmental advice. All members of the Davis Polk team are based in the New York office.
