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

April 2021
Diversey Holdings, Ltd.
Initial Public Offering
Baird served as passive bookrunner on this offering
$692.300 Million

Diversey Holdings, Ltd. (“Diversey” or “the “Company”) (NYSE: DSEY) recently completed an initial public offering of 46,153,846 shares of common stock at $15.00 per share, generating gross proceeds of approximately $692.3 million. Diversey intends to use the net proceeds to repay outstanding indebtedness.

Diversey is a leading global provider of high-performance hygiene, infection prevention, and cleaning solutions for the Institutional and Food & Beverage markets. In addition, they offer a wide range of value added services, including food safety and application training and consulting, as well as auditing of hygiene and water management. The Company’s Institutional business provides solutions serving end-users such as healthcare facilities, food service providers, retail and grocery outlets, educational institutions, hospitality establishments, and building service contractors. Diversey’s Food & Beverage business provides solutions serving manufacturers in the brewing, beverage, dairy, processed foods, pharma, and agricultural markets. The Company’s products improve customers’ hygiene, infection prevention, and cleaning results as well as their operational efficiency, which has led to deep and long-standing customer relationships. The Company serves more than 85,000 customers across in excess of 290,000 sites globally. The company is highly diversified across products and services, end-markets and geographies. Diversey’s global operations have broad exposure and a significant presence throughout North America, Europe, the Middle East and Africa, Latin America and Asia Pacific. Diversey is headquartered in Fort Mill, South Carolina.

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion in assets under management. Founded in 1984, Bain strives to create value through private equity, public equity, fixed income, credit, venture capital and real estate investments across multiple sectors, industries and geographies.

For additional information about this transaction, please contact:

Justin Holsen +1-414-298-7768
Trish Renner +1-303-270-6347
Scott Berg +1-646-557-2336
Robert Foster +44-20-7667-8309
Ryan Engelhardt +1-414-298-2637
Nick Pavlidis +1-312-609-4977