Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. as representatives of the several underwriters on the $490 million initial public offering of 27,236,842 shares of Rexnord Corporation, including 3,552,631 shares from the full exercise of the underwriters’ option to purchase additional shares. Rexnord’s common stock is traded on the New York Stock Exchange under the symbol “RXN.”

Based in Milwaukee, Wisconsin, Rexnord is a leading worldwide industrial company comprised of two strategic platforms: Process & Motion Control and Water Management. 

The Davis Polk corporate team included partner Michael Kaplan, counsel Jeff Ramsay and associates Sarah Ashfaq, Livingston A. Miller and Mhairi C. Immermann (not yet admitted). Partner Samuel Dimon and associate Arie Rubenstein provided tax advice. Counsel Loyti Cheng and associate Kevin J. Klesh provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Joshua Sills and Sorina D. Lazar were the legal assistants for the transaction. All members of the Davis Polk team are based in the New York office.