MAV Beauty Brands Inc.

The Underwriters in connection with MAV Beauty Brands Inc.’s $242 million IPO

Client

The Underwriters

Value

$242 million

Service

Corporate Finance and Securities

Date Closed

July 2018

Lead Office

Toronto


 

On July 10, 2018, MAV Beauty Brands Inc. (“MAV Beauty Brands”) closed its previously announced initial public offering and secondary offering of its common shares (the “Offering”) at a price of $14.00 per common share.

The Offering included a treasury offering by MAV Beauty Brands and a secondary offering of common shares of MAV Beauty Brands by entities owned, controlled or managed by TA Associates Management, L.P., Marc Anthony Venere, and the Redmond Family (collectively, the "Selling Shareholders"). MAV Beauty Brands sold 9,000,000 common shares under the Offering, for total gross proceeds to the Company of $126,000,000, and the Selling Shareholders sold an aggregate of 8,267,000 common shares, for total gross proceeds to the Selling Shareholders of $115,738,000.

The Offering was co-led by CIBC Capital Markets, RBC Capital Markets and Jefferies Securities, Inc., together with BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd., and Canaccord Genuity Corp.

MAV Beauty Brands is a high-growth global personal care company dedicated to providing consumers with premium quality, authentic and differentiated products. Its innovation-focused, next generation platform consists of complementary and rapidly growing personal care brands: Marc Anthony True Professional, Renpure and Cake Beauty. The company's products include a wide variety of hair care, body care and beauty products such as shampoo, conditioner, hair styling products, treatments, body wash, and body and hand lotion across multiple collections that each serve a different and personalized consumer need.

Osler, Hoskin & Harcourt LLP represented the underwriters, with a team consisting of Desmond Lee, Rosalind Hunter, and Arielle Kaplan (Corporate), Jason Comerford (US securities) and Tim Hughes (Tax).


Team
Desmond Lee
Key Contact

Desmond Lee

Partner, Corporate

Rosalind  Hunter

Rosalind Hunter

Partner, Corporate

Arielle Kaplan

Arielle Kaplan

Associate, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Timothy  Hughes

Timothy Hughes

Partner, Taxation