Follow-on Offering

Industrial
Follow-on Offering

Summary

Baird served as a bookrunner 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 announced a secondary follow-on offering of 12,500,000 shares of common stock by certain of the Company’s existing stockholders, including Onex and its affiliates (collectively, the “Selling Stockholders”), at a price of $33.75 per share. Additionally, in connection with the offering, certain of the Selling Stockholders granted the underwriters a 30-day option to purchase up to an aggregate 1,875,000 additional shares of common stock.

JELD-WEN, founded in 1960, is one of the world’s largest door and window manufacturers, operating 125 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
Follow-on Offering
Date
November 2017
Company
JELD-WEN Holding, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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