Initial Public Offering

Industrial
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

JELD-WEN Holding, Inc. (“JELD-WEN” or the “Company”) (NYSE: JELD), a portfolio company of Onex Corporation (“Onex”) (TSX: ONEX), recently completed an initial public offering of 28,750,000 Class A common shares at a price of $23 per share, generating gross proceeds of approximately $661.3 million. The Company intends to use the net proceeds from this offering to repay outstanding borrowings, increase capitalization and financial flexibility, as well as for general corporate purposes.

JELD-WEN, founded in 1960, is one of the world’s largest door and window manufacturers, operating 115 manufacturing facilities in 19 countries located primarily in North America, Europe and Australia. JELD-WEN designs, produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Products are marketed globally under the JELD-WEN brand, along with several market-leading regional brands such as Swedoor and DANA in Europe and Corinthian, Stegbar, and Trend in Australia. The Company is headquartered in Charlotte, North Carolina.

Onex Corporation was founded in 1984 and is a leading private equity firm with over $23 billion of assets under management. Onex’s objective is to create long-term value for its investors by acquiring and building high-quality businesses in partnership with talented management teams. Onex is headquartered in Toronto, Ontario.
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Industrial
Initial Public Offering
Date
January 2017
Company
JELD-WEN Holding, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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