BDT’s Take‑Private Acquisition of Weber, Company Valued at $3.7 Billion

On December 12, 2022, BDT Capital Partners LLC (“BDT”) and Weber Inc. (“Weber”), a global leader in outdoor cooking innovation, technology and products, announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by BDT will purchase all of the outstanding Class A Shares that they do not already own, for $8.05 per share of Class A common stock of Weber, which implies a total enterprise value of $3.7 billion for Weber. Cravath is representing BDT in connection with the transaction.

The Cravath team is led by partners David J. Perkins and Aaron M. Gruber and includes associates Maurio A. Fiore, Christopher M. Tierney and Glory P. James on M&A matters; partner Matthew M. Kelly and associate Marianne Madden on banking matters; partners Christopher K. Fargo and Arvind Ravichandran and associate Sonia Katharani‑Khan on tax matters; partner Matthew J. Bobby and associates Jana I. Hymowitz and Molly E. Nichols on executive compensation and benefits matters; partner Sasha Rosenthal‑Larrea and associate Carys J. Webb on intellectual property matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Lyudmila D. Kirichenko also worked on M&A matters, Oluwatumise Asebiomo also worked on banking matters, and Gregg M. Rader also worked on tax matters.