Latham & Watkins Advises Mister Car Wash in US$3.1 Billion Take-Private Acquisition by Leonard Green & Partners

Mister Car Wash, Inc. (Nasdaq: MCW), the nation’s leading car wash brand, announced that it has entered into a definitive merger agreement pursuant to which investment funds managed by Leonard Green & Partners, L.P. (LGP) will purchase all of the outstanding shares of the company’s common stock that are not already owned by LGP’s affiliates for US$7.00 per share in cash, which implies a total enterprise value of the Company of US$3.1 billion. Upon completion of the transaction, Mister Car Wash’s common stock will no longer be listed on Nasdaq, and Mister Car Wash will become a privately held company owned by investment funds managed by LGP.

Latham & Watkins LLP represents Mister Car Wash in the transaction with a corporate deal team led by New York partners Paul Kukish, Andrew Elken, and Michael Vardanian, with associates Kyle Adams, Jordan Freisleben, and William Anderson, and with assistance from Andrew Zandomenego. Advice was also provided on tax matters by Chicago partners Joseph Kronsnoble and Michael Zucker, with assistance from Ce'Ondra Ellison; on employee benefits matters by New York partners Austin Ozawa and Alisa Hand, with associate Rebecca Fishbein; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Jocelyn Wexler; on intellectual property matters by New York counsel Carrie Girgenti, with associate Victoria Allen; on data privacy and cybersecurity matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on finance matters by New York partner Joshua Tinkelman, with associate Donna Hope; on capital markets matters by Los Angeles/New York partner Greg Rodgers and Orange County partner Drew Capurro, with associate Jacob Walsh; on public company representation matters by New York partner Ellen Smiley; on real estate matters by New York partner Dara Denberg, with associate Tom Ficchi; on antitrust matters by Washington, D.C. partners Ian Conner and David Brenneman, with assistance from Sabrina Feng; on environmental matters by Orange County partner Chris Norton; on anti-corruption/anti-bribery matters by Washington, D.C. partner Erin Brown Jones, with associate Catherine Yao; on trade controls matters by associate Eric Green; and on FDI matters by Hamburg partner Jana Dammann de Chapto.