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

August 2021
Driven Brands Holdings Inc.
Follow-on Offering
Baird served as a bookrunner on this offering
$354.000 Million

Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN), a portfolio company of Roark Capital (“Roark”), recently completed a follow-on offering of 12,000,000 common shares at a price of $29.50 per share. In addition, the underwriters have been granted a 30-day option to purchase an additional 1,800,000 shares of common stock from the selling stockholders. The offering generated gross proceeds of $354.0 million for the selling stockholders. The Company did not receive any proceeds from the offering.

Driven Brands is the largest automotive services company in North America with a growing and highly franchised base of more than 4,300 locations across 49 U.S. states and 14 international countries. Driven Brands’ scaled, diversified platform fulfills an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. The Company provides a breadth of high-quality and high-frequency services to a wide range of customers who rely on their cars in all economic environments to get to work and in many other aspects of their daily lives. Driven Brands is headquartered in Charlotte, North Carolina.

Roark is a private equity firm with over $17 billion in equity capital commitments raised since inception. Roark focuses on consumer and business services companies, with a specialization in franchised and multi-unit business models in the retail, consumer services and business services sectors. Roark is headquartered in Atlanta, Georgia.

For additional information about this transaction, please contact:

Chris Sciortino +1-312-609-4923
Sandy Walter +1-414-298-5118
Adam Czaia +1-414-298-7358
Ryan Brunker +1-312-609-4679
Maria Watts +1-312-609-4743
Robert Foster +44-20-7667-8309