Cleary Gottlieb represented J.P. Morgan Securities LLC as underwriter in the offering.
Onex Corporation executed a secondary public offering of its entire remaining stake in JELD-WEN Holding, Inc. Affiliates of Onex holding 14,883,094 shares of JELD-WEN common stock acted as the selling shareholders.
All of the shares of common stock offered were sold by the selling shareholders. As part of this transaction, JELD-WEN agreed to repurchase approximately $200 million of the 14,883,094 shares of common stock from the underwriter. JELD-WEN did not sell any shares and will not receive any proceeds from the offering.
JELD-WEN, founded in 1960, is one of the world’s largest door and window manufacturers, operating manufacturing facilities in 19 countries located primarily in North America, Europe and Australia. Headquartered in Charlotte, N.C., JELD-WEN designs, produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. JELD-WEN markets its products globally under the JELD-WEN® brand, along with several market-leading regional brands in Europe and Australia.
The Cleary corporate team for this transaction was partners Jeff Karpf (Picture) and Manuel Silva, associate Patrick Courtien, and law clerks Andrew Pai and Taewan Roh. Counsel Jonathan Gifford and associates Benjamin Hanson and Zhiyuan Zuo advised on tax matters. Senior attorney James Corsiglia provided regulatory advice. Partner Brian Byrne and associate Blair Kuykendall advised on antitrust matters. Counsel Richard Bidstrup advised on environmental matters. Counsel Mary Alcock advised on employment and benefits matters.
Involved fees earner: Mary Alcock – Cleary Gottlieb Steen & Hamilton; Richard Bidstrup – Cleary Gottlieb Steen & Hamilton; Brian Byrne – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Patrick Courtien – Cleary Gottlieb Steen & Hamilton; Jonathan Gifford – Cleary Gottlieb Steen & Hamilton; Benjamin Hanson – Cleary Gottlieb Steen & Hamilton; Jeffrey Karpf – Cleary Gottlieb Steen & Hamilton; Blair Kuykendall – Cleary Gottlieb Steen & Hamilton; Manuel Silva – Cleary Gottlieb Steen & Hamilton; Zhiyuan Zuo – Cleary Gottlieb Steen & Hamilton;
Law Firms: Cleary Gottlieb Steen & Hamilton;
Clients: J.P. Morgan Securities LLC;