Davis Polk – Fleetmatics Group PLC Follow-On Offering

Davis Polk advised Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters in connection with an SEC-registered follow-on offering of 10,925,000 ordinary shares of Fleetmatics Group PLC, of which 1,000,000 ordinary shares were issued and sold by the Company and 9,925,000 ordinary shares were sold by the selling shareholders, for an aggregate price to the public of $313.5 million. The shares include 1,425,000 ordinary shares purchased by the underwriters pursuant to an option provided by one selling shareholder.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

Davis Polk – Rally Software Follow-On Offering

Davis Polk advised the underwriters in connection with a $132.2 million offering of common stock of Rally Software Development Corp. at $24.75 per share, consisting of 250,000 shares of common stock offered by the company and 5,089,455 shares of common stock offered by the selling stockholders (including 729,058 shares in respect of the exercise in full of the underwriters’ option to purchase additional shares). The offering resulted in gross proceeds of $6.2 million to the company and $126.0 million to the selling stockholders. Deutsche Bank Securities Inc. and Piper Jaffray & Co. acted as lead book-running managers and Needham & Company, LLC, JMP Securities LLC, William Blair & Company, L.L.C. and Wunderlich Securities, Inc. acted as co-managers. Rally Software’s common stock is traded on the New York Stock Exchange under the symbol “RALY.”

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

McDermott Advises Silver Eagle Acquisition Corp. in $325 Million IPO

International law firm McDermott Will & Emery LLP represented Silver Eagle Acquisition Corp. (Nasdaq: EAGLU), a special purpose acquisition company (SPAC), in its initial public offering of 32,500,000 units, which closed on July 30, 2013. The units were sold at an offering price of $10.00 per unit for gross proceeds of approximately $325 million. This is the largest amount raised in an IPO by a U.S. SPAC in over seven years. Deutsche Bank Securities Inc. acted as the sole book running manager and representative of the underwriters of the offering.

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Tags:  McDermott Will & Emery LLP | New York

Weil Advises Health Management Associates in $7.6B Sale to Community Health Systems

A Weil team led by Corporate Chairman Michael Aiello is advising Health Management Associates, Inc. (HMA), which owns 71 hospitals in 15 states, in its $7.6 billion sale (including assumption of debt) to Community Health Systems, Inc. (CHS), one of the largest publicly traded hospital companies in the US. The transaction is expected to close by the end of the first quarter of 2014 and is subject to customary closing conditions, including regulatory approval and HMA stockholder approval.

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Tags:  Weil, Gotshal & Manges, LLP | New York