Debevoise represents Hertz in initial public offering
December 12, 2006
Debevoise & Plimpton LLP represented Hertz Global Holdings, Inc. ("Hertz Holdings") in its initial public offering of 88,235,000 shares of common stock at a price per share of $15. The offering closed on November 21, 2006. The net proceeds to Hertz Holdings, after deducting underwriting discounts and estimated offering expenses, were approximately $1.26 billion.
Hertz Holdings was formed in 2005 by investment funds associated with Clayton, Dubilier & Rice, Inc., The Carlyle Group and Merrill Lynch Global Private Equity to acquire The Hertz Corporation from Ford Motor Company. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
The Debevoise team was led by partners John M. Allen, Jr. and Steven J. Slutzky and included partners David A. Brittenham, Gary M. Friedman and David P. Mason, counsel Heidi A. Lawson and associates Alexandra Alperovich, Lee Turnier Barnum, Olivia Dixon, Lisa B. Gorrin, Kristine Hutchinson, Daniel J. Magida, Brooke Monahan McKeever, Clara A. O’Brien and Steven N. Wayland.