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Latham Group Completes $437 Million IPO
- Client News
- April 27, 2021
Paul, Weiss represented Latham Group, Inc. in its initial public offering of 23,000,000 common shares, including the exercise of the full over-allotment option, at a price of $19.00 per share. Latham, a portfolio company of Pamplona Capital Management, LLC and Wynnchurch Capital, L.P., is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand.
The proceeds from the IPO, will be used by the company to repay certain indebtedness, to purchase shares of common stock from its principal stockholders, and for general corporate purposes.
The Paul, Weiss team included, among others, corporate partners John Kennedy and Angelo Bonvino and counsel Patricia Vaz de Almeida and Frances Mi; tax partner Lindsay Parks; litigation partner Aidan Synnott and counsel Steven Herzog, Peter Jaffe and Rachel Fiorill; executive compensation counsel Reuven Falik; intellectual property partner Claudine Meredith-Goujon; environmental counsel William O'Brien; and antitrust counsel Yuni Sobel.