Follow-On Offering

Consumer
Follow-On Offering

Summary

Baird served as a bookrunning manager on this offering

About

Noodles & Company (the “Company”) (NASDAQ-GS:NDLS), a portfolio company of Catterton Partners and Argentia Private Investments Inc., recently completed a follow-on offering of 4,500,000 shares of common stock at a price of $39.50 per share, generating gross proceeds of approximately $178 million. All of the shares in the offering were offered by selling shareholders, except for 108,267 shares being offered by the Company, the proceeds of which will be used by the Company to repurchase the same number of shares from certain of its officers. The Company will not receive any proceeds from the sale of shares by selling shareholders.

Noodles & Company is a high-growth, fast-casual restaurant chain that serves classic noodle and pasta dishes from around the world. Noodles & Company, founded in 1995, has 372 locations system wide in 29 states and the District of Columbia. Known as Your World Kitchen, the Company's globally inspired menu consists of more than 25 fresh, customizable noodle bowls, salads, soups and sandwiches that are prepared quickly using quality ingredients. From healthy to indulgent, spicy to comforting, the menu provides favorites for everyone from kids to adults. The Company is headquartered in Broomfield, Colorado.

For additional information about this transaction, please contact:

Chris Sciortino (312) 609-4923
Peter Kies (414) 765-7262
Jason Abt (415) 627-3215
Jeff Seaman (312) 609-4687
Michael Wilcox (414) 298-5999
Vinay Ghai +44 (207) 667-8225
Consumer
Follow-On Offering
Date
December 2013
Company
Noodles & Company
Transaction
M&A
Sectors
Consumer
Target Location
North America

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