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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.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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