Baird served as a co-manager on this offering
AboutCamping World Holdings, Inc. (“Camping World” or the “Company”) (NYSE: CWH), a portfolio company of Crestview Advisors (“Crestview”), recently completed a follow-on offering of its Class A common shares at a price of $40.50 per share, generating gross proceeds of approximately $271.4 million, which includes 6,000,000 shares of Class A Common Stock offered by certain affiliates of Crestview (“Crestview Selling Stockholders”) and 700,000 shares of Class A Common Stock offered by CWGS Holding, LLC (“CWGS Holding Selling Stockholders” and, together with the Crestview Selling Stockholders, the “Selling Stockholders”). Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 1,005,000 additional shares of Class A Common Stock, which includes 900,000 of Class A Common Stock offered by the Crestview Selling Stockholders and 105,000 shares of Class A Common Stock offered by CWGS Holding Selling Stockholders. Camping World will not receive any proceeds from the sale of the shares of Class A Common Stock by the Selling Stockholders.
Camping World is the only provider of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle (“RV”) enthusiasts. Through its two iconic brands, Camping World and Good Sam, the Company offers new and used RVs for sale, vehicle service and maintenance along with more than 10,000 products and services through retail locations and membership clubs. Good Sam branded offerings provide the industry’s broadest and deepest range of services, protection plans, products and resources while the Camping World brand operates the largest national network of RV-centric retail locations in the United States through 137 retail locations in 36 states and an e-commerce platform. With both brands founded in 1966, product and service offerings are based on 50 years of experience and customer feedback from RV enthusiasts. Camping World is headquartered in Lincolnshire, Illinois.
Crestview was founded in 2004 and is a private equity firm focused on the middle market. Crestview manages funds with over $7 billion of aggregate capital commitments and is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview's senior investment professionals primarily focus on sourcing and managing investments in each of the specialty areas of the firm: media, energy, financial services, and industrials. Crestview is headquartered in New York, New York.
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- October 2017
- Camping World Holdings, Inc.
- Target Location
- North America
- Acquiror Location
- North America
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