Initial Public Offering

Consumer
Initial Public Offering

Summary

Baird served as lead book-running manager on this offering.

About

MCBC Holdings, Inc. (“MasterCraft” or the “Company”) (NASDAQ: MCFT), majority owned by private investment funds managed by Wayzata Investment Partners LLC, recently completed an initial public offering of 6,982,143 shares of common stock at a price of $15.00 per share, generating gross proceeds of approximately $104.7 million, including the exercise of the underwriter’s over-allotment option. Of the shares offered, 6,071,429 shares were sold by MCFT and 910,714 shares were sold by selling shareholders. The Company will not receive any proceeds from the shares sold by the selling shareholders. The Company intends to use the net proceeds from the offering to repay existing debt and for general corporate purposes.

The Company is a world-renowned innovator, designer, manufacturer and marketer of MasterCraft branded premium performance sport boats. Founded in 1968, MasterCraft has cultivated its iconic brand image through a rich history of industry-leading innovation, and more than four decades after the original MasterCraft made its debut the Company's goal remains the same—to continue building the world's best ski, wakeboard, surf and luxury performance powerboats. MasterCraft is headquartered in Vonore, Tennessee.

For additional information about this transaction, please contact:

Kurt Roth +1 (312) 609-4689
Peter Kies +1 (414) 765-7262
Tom Lacy +1 (414) 298-7648
Mark Karns +1 (312) 609-7045
Consumer
Initial Public Offering
Date
July 2015
Company
MCBC Holdings, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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