May 6, 2015

Willkie Represents HealthEquity in Offering of 3.85 Million Shares.

Willkie client HealthEquity, Inc., one of the largest U.S. health savings account (HSA) non-bank custodians, announced on May 5 the pricing of a follow-on public offering of 3,850,000 shares of common stock at a price to the public of $25.90 per share.  HealthEquity is selling 395,000 shares of common stock, and certain of HealthEquity’s stockholders are selling 3,455,000 shares. The underwriters have been granted a 30-day option to purchase up to an additional 577,500 shares.

HealthEquity intends to use the net proceeds from the shares sold by the company in the offering for general corporate purposes as well as potential acquisitions. The offering is expected to close on May 11, 2015.

The Willkie deal team was led by partners Gordon Caplan and Jeffrey Hochman, and included associates Matthew Haddad, Christopher Edwab and Patrick Horan. The firm also represented HealthEquity in its initial public offering, which closed on Aug. 5, 2014, and resulted in net proceeds of approximately $133.4 million. View the IPO announcement here.

Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians, which services more than 1.4 million health savings accounts for 70 health plan partners and employees at approximately 27,000 companies across the United States.