Weber’s $250 Million Initial Public Offering

Simpson Thacher advised the underwriters on the deal, while Davis Polk advised Weber.

Weber Inc executed its offering of 17,857,143 shares of its Class A common stock. The offering raised approximately $250 million in gross proceeds and closed on August 9, 2021.

The Underwriters were led by Goldman Sachs & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC. The underwriters also have the option to purchase an additional 2,678,571 shares within 30 days of the offering.

Weber is a leading barbecue brand offering a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers and accessories designed to help outdoor cooking enthusiasts discover what’s possible. Weber offers its barbecue grills and accessories, services and experiences to a passionate community of millions across 78 countries.

The Simpson Thacher team for this transaction included Richard Fenyes (Picture), Tony Rim and Asha Amin (Capital Markets); Drew Purcell (Tax); Andrew Blau and Guanxiong Xu (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA & Blue Sky); Adeeb Fadil and Timothy Mulvihill (Environmental); Mark Skerry and Christine Tillema (Regulatory); and Genevieve Dorment and Bobbie Burrows (Intellectual Property).

The Davis Polk capital markets team included partners Michael Kaplan and Pedro J. Bermeo and associates Carrie Guo, Aashim Usgaonkar and Stephen H. Karp. The M&A team included partner Marc O. Williams and associate Heather Weigel. The executive compensation team included partner Veronica M. Wissel and associate Joseph S. Brown. The tax team included partner David H. Schnabel.

Involved fees earner: Aashim Usgaonkar – Cravath Swaine & Moore; Pedro Bermeo – Davis Polk & Wardwell; Joseph Brown – Davis Polk & Wardwell; Carrie Guo – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Stephen Karp – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Heather Weigel – Davis Polk & Wardwell; Marc Williams – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Asha Amin – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Andrew Pagliuchi – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Christine Tillema – Simpson Thacher & Bartlett; Guanxiong Xu – Simpson Thacher & Bartlett;

Law Firms: Cravath Swaine & Moore; Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Academy Securities; Bank of America; BMO Capital Markets; Cabrera Capital Markets; Citigroup Inc.; Goldman Sachs & Co.; JP Morgan; KeyBanc Capital Markets; Siebert Williams Shank & Co. LLC; Telsey Advisory Group LLC; UBS Investment Bank; Weber; Wells Fargo Securities;

Martina Bellini

Author: Martina Bellini