Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and BofA Securities, Inc., in connection with the secondary offering by certain stockholders of 8,000,000 shares of common stock of Duck Creek Technologies, Inc. (“Duck Creek”) , which raised approximately $328 million in gross proceeds for the selling stockholders. The offering closed on November 13, 2020.
Duck Creek is the leading Software-as-a-Service provider of core systems for the P&C insurance industry.
The Simpson Thacher team for this transaction included Art Robinson, Hui Lin, Ben Heriaud and Ben Carson (Capital Markets); Tristan Brown and Alyssa Ohanian (Executive Compensation and Employee Benefits); Shari Ness (Public Company Advisory Practice); Jonathan Cantor and Jasmine Hay (Tax); Jennie Getsin (FINRA & Blue Sky); Corina McIntyre and Melanie Jolson (Intellectual Property); and Tim Gallagher (Real Estate).