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Gladstone Place Partners reps Weber Inc.’s special committee of the board that has agreed to be take the outdoor grill maker private via a buyout by BDT Capital Partners.
The transaction implies a $3.7B enterprise value for Weber.
The committee deemed acceptance of BDT Capital’s $8.05 per share offer, which represents a 60 percent premium over Weber’s closing stock price prior to the announcement of the deal, to be in the best interest of shareholders.
BDT has been a long-time strategic partner with Weber, which is the leading grill marketer in the US, Germany, Australia, Canada and France.
Weber went public in 2021 with media support from Brunswick Group.
Gladstone Place Partners Steve Lipin and Felipe Ucros represent Weber’s special committee.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
