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New Deal


Announced

BDT Capital Partners to acquire the remaining 51.8% stake in Weber for $1.9bn.

Financials

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Transaction Value£1,694m
Consideration TypeCash
Capital Owned48%
Capital Bid For52%
EV/Sales-
EV/EBITDA-
Share Price Premium60%
One Off Charge-

Tags

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Public

Domestic

premium pellet grills

Single Bidder

Acquisition

Pending

United States

Private Equity

Household Equipment and Products

residential outdoor cooking

Majority

Friendly

Privatisation

Synopsis

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BDT Capital Partners, a private equity firm, agreed to acquire the remaining 51.8% stake in Weber, a provider of outdoor cooking products, for $1.9bn. "We appreciate the Special Committee’s comprehensive evaluation of BDT’s offer and are confident that this transaction provides immediate and fair value to Weber minority shareholders. For over a decade, BDT has been a longstanding strategic partner for Weber. With their continued support, our global team will move forward in executing our long-term strategy with consumers and customers as our top priorities. And we’ll continue to sharpen our focus on doing what we do best: delivering the outdoor cooking industry's most innovative, best-performing, highest-quality products and engaging millions worldwide who love to gather together and cook outside," Alan Matula, Weber Interim CEO.

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