VRT

Vertiv Holdings LLC

TMT, Event Driven/Special Sit, SPAC


Presented:02/07/2020
Price:$12.88
Cap:$1.11B
Current Price:$107.47
Cap:$40.32B

Presented

Date02/07/2020
Price$12.88
Market Cap$1.11B
Ent Value$0.88B
P/E Ratio112x
Book Value$7.89
Div Yield0%
Shares O/S86.25M
Ave Daily Vol1,667,706
Short Int0.77%

Current

Price$107.47
Market Cap$40.32B
Vertiv is a global leader in the design, manufacturing and servicing of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. They provide this technology to data centers, communication networks and commercial & industrial environments worldwide.

Publicly traded companies mentioned herein: Eaton Corp (ETN), Goldman Sachs Group Inc (GS), GS Acquisition Holdings Corp (GSAH), Honeywell International Inc (HON), Schneider Electric SE (SU EN), Vertiv Holdings LLC (VRT)

Highlights

The presenter is long Vertiv, which provides critical power and cooling infrastructure to the data center industry. On December 10, 2019 Vertiv, a company owned by private equity firm Platinum Equity, announced that it would become a publicly traded company through a merger with GS Acquisition Holdings Corp (GSAH), a SPAC co-sponsored by an affiliate of Goldman Sachs and David Cote, CEO of GSAH and the former Chairman/CEO of Honeywell. The transaction was approved by shareholders of GSAH on February 6, 2020 and the company began trading on the NYSE on February 10 under the ticker VRT. Vertiv has a $4.4B market cap fully diluted, 338MM shares outstanding, and $1.9B in net debt. 

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