Deal Details
Initial Public Offering
Summary
Baird served as a joint book-running manager of this offering
About
Roundy’s, Inc. (“Roundy’s” or the “Company”) (NYSE: RNDY), a portfolio company of Willis Stein, recently completed an initial public offering of 22,059,091 shares of its common stock at a price of $8.50 per share, generating gross proceeds of approximately $187.5 million. Roundy’s offered 14,705,883 shares of common stock and the selling stockholders offered 7,353,208 shares of common stock. The Company intends to use the net proceeds, together with borrowings under its new senior credit facility, to repay all of its outstanding borrowings and other amounts owed under its existing credit facilities. Roundy’s will not receive any proceeds from the sale of shares by the selling stockholders.Roundy’s is a leading grocer in the Midwest with more than 18,000 employees. Founded in Milwaukee in 1872, Roundy’s operates 159 retail grocery stores and 97 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s Fresh Market retail banners in Wisconsin, Minnesota and Illinois.
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- Date
- February 2012
- Company
- Roundy’s, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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