Latham & Watkins Represents Underwriters in Driven Brands’ Secondary Offering

Driven Brands Holdings Inc. has announced the pricing of the underwritten secondary public offering of 12 million shares of Driven Brands’ common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC, each of which is a related entity of Roark Capital Management, LLC at a price of US$29.50 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Driven Brands is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Ian Schuman and Stelios Saffos, with counsel Charles Cassidy and associates Salvatore Vanchieri, Milo LeDoux, and Angel Marcial.