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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.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
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