Simpson Thacher represented Grocery Outlet Holding Corp., a portfolio company of Hellman & Friedman LLC, in connection with its initial public offering of common stock, which raised approximately $400 million in gross proceeds. Shares of Grocery Outlet Holding Corp. are now listed on The Nasdaq Global Select Market under the ticker symbol “GO.”
Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 300 stores in California, Idaho, Nevada, Oregon, Pennsylvania and Washington. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products.
The Simpson Thacher team included Bill Brentani, Kelli Schultz, Christine Ristow, Jay Higdon and Jonathan Kachiu (Capital Markets); Jennifer Nadborny and James Rapp (Public Company Advisory Practice); David Rubinsky, Caitlin Lucey and Alyssa Ohanian (Executive Compensation and Employee Benefits); Brian Steinhardt and Matthew Farrell (Credit); and Jennie Getsin (FINRA). Summer Associate Omar Kanjwal also provided valuable assistance.