Deal Details
BrightView Completes $227.5 Million Follow-On Offering
Summary
BrightView Holdings, Inc. (“BrightView” or the “Company”) (NYSE: BV) recently completed an underwritten public offering of the Company’s common stock (the “Offering”). The aggregate size of the Offering was 17,500,000 shares, at a price of $13.00 per share, generating gross proceeds of $227.5 million. The offering consists entirely of secondary shares sold by KKR & Co. Inc. (“KKR”). BrightView will not receive any proceeds from the offering.
Baird served as a bookrunner on this Offering.
About
BrightView, the nation’s largest commercial landscaper, proudly designs, creates and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, the Company brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses and sports venues. BrightView is headquartered in Blue Bell, Pennsylvania.KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR is headquartered in New York, New York.
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- Date
- May 2024
- Company
- BrightView Holdings, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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