Central Garden & Pet’s $185 Million Follow-On Equity Offering


Simpson Thacher represented the underwriters, led by joint bookrunning managers Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc., in connection with a registered follow-on primary offering of 5,000,000 shares of Class A common stock of Central Garden & Pet Company (“Central”) at a public offering price of $37 per share.

The underwriters have a 30-day option to purchase up to 750,000 additional shares of Class A common stock. The offering closed on August 13, 2018. Central intends to use the net proceeds from this offering for general corporate purposes, including funding potential acquisitions.

Central is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States.

The Simpson Thacher team for the transaction included David Azarkh (Picture) and Teresa Chen (Capital Markets); Jonathan Cantor and Morgan Otway (Tax); Jeanne Annarumma (Benefits); Timothy Mulvihill (Environmental); Amber Harezlak (IP); and Jennie Getsin (Blue Sky/FINRA).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Teresa Chen – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; SunTrust Robinson Humphrey, Inc.; BMO Capital Markets;

Author: Ambrogio Visconti