Latham & Watkins Advises on Savers Value Village, Inc.’s IPO

Savers Value Village, Inc., the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories, and household goods, has announced the pricing of its upsized initial public offering of 22,291,666 shares of its common stock at US$18.00 per share, of which 18,750,000 shares are being offered by the Company and 3,541,666 are being offered by funds managed by the Private Equity Group of Ares Management Corporation (the Ares Selling Stockholders). As part of the offering, the Ares Selling Stockholders have granted to the underwriters a 30-day option to purchase up to an additional 3,343,749 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on June 29, 2023 under the symbol “SVV,” and the offering is expected to close on July 3, 2023, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Greg Rodgers, and Brittany Ruiz, with associates Adam Weber, Carolina Bernal, and Amanda Farrish. Advice was also provided on tax matters by partner Jiyeon Lee-Lim, with associate Ted Gkoo; and on benefits & compensation matters by counsel Rifka Singer, with associate Anne Bracaglia.