Deal Details

Savers Completes $138.8 Million Follow-On Offering

Consumer

Savers follow-on offering

Summary

Savers Value Village, Inc. (“Savers” or the “Company”) (NYSE: SVV) recently completed a secondary public offering of 15,000,000 shares of common stock by selling shareholders Ares Management (“Ares”) (NYSE: ARES) and the chief executive officer of Savers, at a price of $9.25 per share, generating gross proceeds of approximately $138.8 million. The selling shareholders have also granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of common stock. Savers did not sell any shares of common stock in the offering and will not receive any proceeds from the sale of shares by the selling shareholder.

In addition, Savers repurchased $20.0 million of the shares of common stock as part of the public offering, at a price per share equal to the price per share paid by the underwriters to the selling shareholders. The underwriters will not receive any compensation for the shares being repurchased by the Company.

Baird served as a bookrunner on this transaction.

About

Savers is the largest for-profit thrift operator in the United States (“U.S.”) and Canada based on number of stores. With approximately 22,700 team members, Savers operates a total of 353 stores under the Savers®, Value Village®, Value Village Boutique™, Village des Valeurs, Unique® and 2nd Ave.® banners. As of March 29, 2025, the Company had 172 stores in the United States, 166 stores in Canada and 15 stores in Australia. Savers is headquartered in Bellevue, Washington.

Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. As of March 31, 2025, Ares’ global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. Ares is headquartered in Los Angeles, California.

Consumer

Savers follow-on offering