Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC, in connection with the initial public offering by Weber Inc. (“Weber”) of 17,857,143 shares of its Class A common stock. The underwriters also have the option to purchase an additional 2,678,571 shares within 30 days of the offering. The offering raised approximately $250 million in gross proceeds and closed on August 9, 2021.
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, 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). Summer Associate Sofia Elkina also provided valuable assistance.