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

November 2021
Lulu’s Fashion Lounge Holdings, Inc.
Initial Public Offering
Baird served as a bookrunner on this offering
$92.000 Million

Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (NASDAQ: LVLU), a portfolio company of H.I.G. Capital, LLC (“H.I.G.”), recently completed an initial public offering of 5,750,000 shares of common stock at a price of $16.00 per share, generating gross proceeds of $92.0 million. In addition, Lulus has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock. Lulus intends to use the net proceeds from the offering to redeem preferred stock, repay debt and for general corporate purposes.

Lulus is a high growth, digitally-native fashion brand primarily serving Millennial and Gen Z women in the United States. Lulus focuses relentlessly on giving its customers what they want. The Company does this by using data coupled with human insight to deliver a curated and continuously evolving assortment of on-point, affordable luxury fashion. Lulus’ customer obsession sets the tone for everything the Company does, from its personalized online shopping experience to its exceptional customer service. Lulus is headquartered in Chico, California.

H.I.G. Capital, LLC is a leading global private equity and alternative assets firm with more than $45 billion in equity capital under management. Since its founding in 1993, H.I.G., through various affiliates and subsidiaries, has invested in and managed more than 300 companies with combined revenues in excess of $30 billion. H.I.G.’s investors include leading financial institutions, insurance companies, university endowments, pension funds and sovereign wealth funds.

For additional information about this transaction, please contact:

Chris Sciortino +1-312-609-4923
Eric Winn +1-503-273-4982
Sandy Walter +1-414-298-5118
Les Cheek +1-617-426-5789
Lauren Leibrandt +1-312-609-7060
Robert Foster +44-20-7667-8309