Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering
About
BJ’s Wholesale Club Holdings, Inc. (“BJ’s”) (NYSE: BJ), a portfolio company of CVC Capital Partners Limited and Leonard Green & Partners, L.P., recently completed a follow-on offering of 28,000,000 shares of its common stock at a price of $26.00 per share, generating gross proceeds of $728.0 million. CVC Capital Partners Limited, Leonard Green & Partners, L.P. and other existing shareholders received all of the proceeds from the offering. The selling shareholders have granted to the underwriters a 30-day option to purchase up to 4,200,000 additional shares of common stock from the selling stockholders.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.
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- Date
- September 2018
- Company
- BJ’s Wholesale Club Holdings, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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