Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
BJ’s Wholesale Club Holdings, Inc. (“BJ’s” or the “Company”) (NYSE: BJ), a portfolio company of CVC Capital Partners Limited and Leonard Green & Partners, L.P., recently completed an initial public offering of 43,125,000 shares of its common stock at a price of $17.00 per share, including 5,625,000 shares sold upon full exercise of the overallotment option, generating gross proceeds of $733.1 million. The Company intends to use the net proceeds from the offering to repay outstanding debt. BJ’s Wholesale Club Holdings, Inc. is a leading warehouse club operator on the East Coast of the United States. BJ’s delivers significant value to members, offering 25% or more savings on a representative basket of manufacturer-branded goods compared to traditional supermarket competitors. BJ’s provides a curated assortment focused on perishable products, continuously refreshed general merchandise, gas and other ancillary services to deliver a differentiated shopping experience that is further enhanced by omni-channel capabilities. BJ’s was founded in 1984 and is headquartered in Westborough, Massachusetts.CONTACT US TO LEARN MORE
- Date
- June 2018
- Company
- BJ’s Wholesale Club Holdings, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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