Kirkland & Ellis advised Leslie's, Inc., the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry, on the pricing of its initial public offering of 40,000,000 shares of its common stock at an initial public offering price of $17.00 per share. The offering consists of 30,000,000 shares of common stock being sold by Leslie's and 10,000,000 shares of common stock being sold by a parent entity of Leslie's majority owned by L Catterton and GIC. The shares of common stock are expected to begin trading on the Nasdaq Global Select Market on October 29, 2020 under the ticker symbol "LESL." The offering is expected to close on November 2, 2020, subject to customary closing conditions.
The Kirkland team was led by capital markets partners Christian Nagler and Aslam Rawoof and transactional partners Ryan Brissette and Joshua Kogan and executive compensation partner Kate Coverdale and tax partners Vincent Thorn and Vivek Ratnam.