Latham & Watkins Advises on Savers Value Village’s US$138.8 Million Secondary Offering of Common Stock
On May 16, 2025, Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories and household goods, closed its previously announced public offering of 15,000,000 shares of common stock of the Company offered by certain Ares Management Private Equity and Opportunistic Credit funds and accounts and the chief executive officer of the Company at a price to the public of US$9.25 per share. As part of the offering, the underwriters will have a 30-day option to purchase up to an additional 2,250,000 shares of common stock from the Ares Selling Stockholders.
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, Amanda Farrish, and Samantha Pannone. Advice was also provided on tax matters by partner Elena Romanova, with associate Nicholas Sun.