Baird's Investment Banking Group is pleased to announce the following transaction:

February 2021
Leslie’s, Inc.
Follow-on Offering
Baird served as a co-manager on this offering
$867.100 Million

Leslie’s, Inc. (“Leslie’s” or the “Company”) (NASDAQ: LESL), a portfolio company of L. Catterton and GIC Pte Ltd. (“GIC”), recently completed a follow-on offering of 33,350,000 common shares at a price of $26.00 per share, which includes the exercise in-full of the underwriter’s option to purchase an additional 4,350,000 shares of common stock from the selling stockholders. The offering generated gross proceeds of $867.1 million for the selling shareholders. The Company did not receive any proceeds from the offering by the selling shareholders.

Founded in 1963, Leslie’s is the largest direct-to-consumer brand in the United States pool and spa care industry, serving residential, professional, and commercial consumers. Leslie’s markets its products through more than 900 physical locations and multiple digital platforms. The Company employs more than 5,000 associates, pool and spa care experts, and certified technicians who are passionate about empowering consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas. Leslie’s is headquartered in Phoenix, Arizona.

L. Catterton was founded in 1989, and has made more than 200 investments in leading consumer brands across all segments of the consumer industry. L. Catterton has over $23 billion of assets under management dedicated to growing middle market companies and emerging high-growth enterprises. L. Catterton is headquartered in Greenwich, Connecticut.

GIC is one of the three reserves management entities in Singapore. GIC manages most of the Government’s financial assets, and invest for the long term to preserve and enhance the international purchasing power of the funds placed under management. GIC is headquartered in Singapore.

For additional information about this transaction, please contact:

Chris Sciortino +1-312-609-4923
Maria Watts +1-312-609-4743
Sandy Walter +1-414-298-5118
Robert Foster +44-20-7667-8309