Davis Polk advised Goldman, Sachs & Co. and Barclays Capital Inc., as representatives of the underwriters, in connection with the SEC-registered offering of 23 million shares of common stock of MRC Global Inc. sold by PVF Holdings LLC, an entity controlled by funds affiliated with Goldman, Sachs & Co. The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The common stock is listed on the New York Stock Exchange under the symbol “MRC.” Funds affiliated with Goldman, Sachs & Co. controlled approximately 77% of MRC prior to the offering and control approximately 55% of MRC after the offering.
Headquartered in Houston, Texas, MRC is the largest global distributor of pipe, valve and fittings, and related products and services to the energy industry based on sales, and supplies these products and services across each of the upstream, midstream and downstream sectors.
The Davis Polk corporate team included partner Richard A. Drucker, associates Byron B. Rooney and Britton M. Sellers and law clerk Tomomi Atamas. The tax team included partner Michael Farber and associate Juelle Gomes. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Betty M. Huber and associate Amy E. Turner provided environmental advice. Rosemarie Melendez and Sorina Delia Lazar were the legal assistants on the transaction. All members of the Davis Polk team were based in the New York office.
