Essential reading for retailers and suppliers in the home improvement market

Investment group acquires majority stake in Weber-Stephen

Published: 17 January 2011
BDT Capital Partners takes over majority share in new partnership with family-owned US barbecue manufacturer.
The terms of the deal, which was agreed December 17, haven't been disclosed but BDT is reported to have contributed £65m, while £150m of debt is to be split equally between senior and subordinated notes.

Chicago-based BDT Capital is backed by Byron Trott, former vice chairman of investment banking firm Goldman Sachs.

As part of the deal, Weber-Stephen second generation president and ceo James Stephen will maintain his executive role within the company. Meanwhile, the Stephen family will retain ownership of its four Weber-branded restaurants and work with BDT as a minority investor in the barbecue firm.

Commenting on the move, James Stephen said: "Our family remains committed to the long-term growth of Weber and to the values our brand has come to represent around the globe. This partnership with BDT Capital Partners allows us to continue to invest in the business, produce innovative high quality products, deliver strong customer service, and build upon the global strength and heritage of the Weber brand. The team at BDT Capital Partners and its extensive network of family business leaders understand the needs of family companies, and they invest for the long-term."

Comments


(Your email address will not be published)
1 + 7 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories