Deal Details

Hayward Completes $348 Million Follow-On Offering

Industrial
Consumer

Hayward follow-on offering

Summary

Hayward Holdings, Inc. (“Hayward” or the “Company”) (NYSE: HAYW), a portfolio company of CCMP Capital Advisors, L.P. (“CCMP”) and Alberta Investment Management Corporation (“AIMCo”) (collectively the “selling shareholders”) recently completed a follow-on offering of 24,000,000 common shares at a price of $14.50 per share. The offering generated gross proceeds of $348.0 million for the selling shareholders. The selling shareholders have granted the underwriters a 30-day option to purchase an additional 3,600,000 shares of its common stock. The Company repurchased 8,000,000 shares of common stock sold in the offering at a price of $14.50 per share.

Baird served as a bookrunner on this offering.

About

Hayward is an industry-leading global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. With the pool as the centerpiece of the growing outdoor living space, the pool industry has attractive market characteristics, including significant aftermarket requirements, innovation-led growth opportunities and a favorable industry structure. Hayward is a leader in this market with a highly recognized brand, one of the largest installed bases of pool equipment in the world, decades-long relationships with key channel partners and trade customers and a history of technological innovation. Hayward’s engineered products, which include various energy efficient and more environmentally sustainable offerings, enhance the pool owner’s outdoor living lifestyle while also delivering high quality water, pleasant ambiance and ease of use for the ultimate backyard experience. Hayward Holdings, Inc. is headquartered in Berkeley Heights, New Jersey.

CCMP specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe. CCMP focuses on generating alpha through the operational transformation and growth of its portfolio companies. With offices in New York and Houston, CCMP invests in three primary industries: Consumer, Industrial and Healthcare.

AIMCo is one of Canada’s largest and most diversified institutional investment managers. Established in 2008, in Edmonton, Alberta, Canada, AIMCo seeks to provide superior long-term investment results for its clients. With over $168 billion in AUM, AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of public pension, public endowment and government funds in the Province of Alberta.

Industrial
Consumer

Hayward follow-on offering