Initial Public Offering

Consumer
Initial Public Offering

Summary

Baird served as a co-manager on this offering.

About

Potbelly Corporation (the “Company”) (NASDAQ-GS:PBPB), a portfolio company of Maveron Equity Partners, American Securities and Oak Investment Partners, recently completed an initial public offering of 8,625,000 shares of common stock at a price of $14.00 per share, generating gross proceeds of approximately $120.8 million. 150,131 shares were sold by selling shareholders. Potbelly Corporation will not receive any proceeds from the sale of shares by selling shareholders. The Company intends to use the net proceeds that it receives from the offering to pay a previously-declared cash dividend on common and preferred stock, to pay down debt and for general corporate purposes.

Potbelly Corporation is a fast-growing neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items served by engaging people in an environment that reflects the Potbelly brand. Potbelly Corporation, founded in 1977, has 286 locations system wide in 18 states and the District of Columbia. The Company’s combination of product, people and place is how Potbelly delivers on its passion to be “The Best Place for Lunch.” Potbelly Corporation is headquartered in Chicago, Illinois.

For additional information about this transaction, please contact:

Chris Sciortino (312) 609-4923
Peter Kies (414) 765-7262
Jason Abt (415) 627-3215
Chris Coetzee (312) 609-4913
Maria Watts (312) 609-4743
Vinay Ghai +44 (207) 667-8225
Consumer
Initial Public Offering
Date
October 2013
Company
Potbelly Corporation
Transaction
M&A
Sectors
Consumer
Target Location
North America

Share