Savers Value Village, Inc., a major thrift store operator in the United States and Canada, has announced a secondary public offering involving 15 million shares of its common stock. The offering was managed by J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank as joint lead bookrunners and underwriters.
In conjunction with this offering, Savers repurchased $20 million worth of common stock from the underwriters.
The legal advisory for Savers was provided by Paul, Weiss. The team was led by corporate partners John Kennedy and Christodoulos Kaoutzanis, with contributions from corporate partners Kenneth Schneider and Michael Vogel, executive compensation counsel Cindy Akard, and tax partner Scott Sontag.
