Davis Polk advised the underwriters in connection with an initial public offering of 8,984,375 ordinary shares of Fleetmatics Group PLC (including 1,171,875 shares in respect of the exercise of the underwriters’ option to purchase additional shares) at $17.00 per share for gross proceeds of $152.7 million. Of those shares, FleetMatics sold 6,250,000 shares and the selling stockholders sold 2,734,375 shares. Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers; and RBC Capital Markets, LLC, Stifel Nicolaus & Company and William Blair & Company, L.L.C. acted as co-managers for the offering. FleetMatics’s ordinary shares are traded on the New York Stock Exchange under the symbol “FLTX.”

Headquartered in Dublin, Ireland, FleetMatics is a leading global provider of fleet management solutions delivered as software-as-a-service.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Andreea Stan, Robby Sen, Sarah Ashfaq, Ashley M. Bryant, Katharine O’Banion, Angelica Grasso and Amishi Desai. Associates Pritesh P. Shah and Daniel Ray provided intellectual property advice. Partner Rachel D. Kleinberg and associate Michelle Messer provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Sorina Delia Lazar was the legal assistant for the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.



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