Deal Details
Follow-On Offering
Summary
Baird served as Co-Manager in this transaction
About
Sally Beauty Holdings, Inc. (“Sally Beauty” or the “Company”) (NYSE: SBH) recently completed a follow-on offering of 20,700,000 shares of its common stock at a price of $16.75 per share, generating gross proceeds of approximately $347 million. All of the shares of common stock were sold by Clayton, Dubilier & Rice, Inc., the principal stockholder of Sally Beauty. The Company will not receive any proceeds from the offering.Based in Denton, Texas, Sally Beauty is an international specialty retailer and distributor of professional beauty supplies. The Company’s two business units, Sally Beauty Supply and Beauty Systems Group sell and distribute beauty products through 4,077 company-owned stores, 185 franchised stores and 1,127 sales consultants.
Sally Beauty is publicly traded on the New York Stock Exchange.
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- Date
- October 2011
- Company
- Sally Beauty Holdings, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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