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☆ Exclusive-BDT & MSD Partners Explores $5 Billion Sale of Alliance Laundry-Sources
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Anirban Sen(Reuters) - Merchant bank BDT & MSD Partners, the owner of Alliance Laundry Systems, is exploring a sale of the U.S. laundry equipment manufacturer that could value it at nearly $5 billion, including debt, according to people familiar with the matter. BDT & MSD Partners, Alliance Laundry, and Morgan Stanley declined to comment. It supplies laundry systems to U.S. military facilities, laundromat chains, hotels, long-term healthcare facilities and clinics, restaurants, fire stations, residential apartments, and other businesses across sectors. In 2015, Ontario Teachers’ Pension Plan sold its majority stake in Ripon, Wisconsin-based Alliance Laundry to BDT Capital Partners, prior to its merger with MSD Partners. BDT & MSD Partners is run by former Goldman Sachs alumni Trott and Gregg Lemkau.

Persons: Anirban Sen, Morgan Stanley, Michael, Byron, Primus, Goldman Sachs, Trott, Gregg Lemkau, Silver, Armour, Shari Redstone, Chizu Nomiyama Organizations: Reuters, Merchant, MSD Partners, Alliance Laundry Systems, Alliance, Laundry, BDT Capital Partners Locations: Ontario, Ripon , Wisconsin, New York

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

The pay bumps could help win over some employees who balked at smaller bonuses last year that they blamed on losses from the retail operations. The firm's allocation for bonuses fell by as much as 40% in 2022, according to another source, after earnings slid 48%. Wall Street pay varies widely based on performance and market conditions, and bonuses account for a large share of compensation - in some cases more than double an employee’s annual salary. Goldman was involved in several major transactions in recent months that spurred optimism about a nascent market recovery. WALL STREET BONUS SLIDEThe potential compensation gains contrast with expectations for a broader industry slide.

Persons: Goldman Sachs, Stephen Biggar, Goldman, David Solomon, hasn't, we're, We're, Julian Salisbury, Dina Powell McCormick, They've, Christopher Connors, WALL, Thomas DiNapoli, Sheffield, Banks, Natalie Machicao, Lananh Nguyen, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Argus Research, Wall, Goldman, Sixth, MSD Partners, Bloomberg, Natural Resources, Exxon Mobil, Arm Holdings, Johnson Associates, York, Sheffield Haworth, Thomson Locations: Biggar, Sheffield Haworth, New York

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

☆ Dina Powell McCormick: G20 manufacturing corridor is 'clear message' U.S. working on checks on China
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDina Powell McCormick: G20 manufacturing corridor is 'clear message' U.S. working on checks on ChinaRaymond McGuire, Lazard president, and Dina Powell McCormick, BDT & MSD Partners vice chairman, join CNBC's Delivering Alpha 2023 to discuss geopolitics in relation to energy and entrepreneurship, U.S.-China industrial relations and more.

Persons: Dina Powell McCormick, Raymond McGuire, Lazard Organizations: BDT, MSD Partners, CNBC's Locations: China

☆ Lazard's Raymond McGuire: Deglobalization will be the reindustrialization of America
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard's Raymond McGuire: Deglobalization will be the reindustrialization of AmericaRaymond McGuire, Lazard president, and Dina Powell McCormick, BDT & MSD Partners vice chairman, join CNBC's Delivering Alpha 2023 to discuss geopolitics in relation to energy and entrepreneurship, U.S.-China industrial relations and more.

Persons: Lazard's Raymond McGuire, Deglobalization, Raymond McGuire, Lazard, Dina Powell McCormick Organizations: BDT, MSD Partners, CNBC's Locations: China

☆ Lazard's McGuire: AI supercomputing will increase demand on the power grid
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard's McGuire: AI supercomputing will increase demand on the power gridRaymond McGuire, Lazard president, and Dina Powell McCormick, BDT & MSD Partners vice chairman, join CNBC's Delivering Alpha 2023 to discuss geopolitics in relation to energy and entrepreneurship, U.S.-China industrial relations and more.

Persons: Lazard's McGuire, Raymond McGuire, Lazard, Dina Powell McCormick Organizations: supercomputing, BDT, MSD Partners, CNBC's Locations: China

☆ Meet Russell Horwitz, the ex-Goldman partner who is stepping in as David Solomon's chief of staff at a vulnerable time for the CEO
▼ + stars: | 2023-08-08 | by ( Dakin Campbell | Kaja Whitehouse | ) www.businessinsider.com time to read: +7 min

Russell Horwitz has been named David Solomon's new chief of staff at a difficult time for the CEO. Russell Horwitz, a partner and former chief of staff to CEO Lloyd Blankfein, is returning to the firm after roughly two years away. Another, Jake Siewert, left Goldman for Warburg Pincus in June 2021. Horwitz left soon after. He has Washington experienceLike Rogers, Horwitz also has a past working in Washington DC.

Persons: Russell Horwitz, David Solomon's, Horwitz, Goldman, John F, Rogers, Goldman Sachs, Lloyd Blankfein, David Solomon, John Rogers, Jon Corzine, Ronald Reagan, Gerald Ford, Joshua Roberts, Solomon, John Waldron, Fiona Carter, Carter, Dina Powell McCormick, Gregg Lemkau, Byron Trott, Jake Siewert, Warburg Pincus, Blankfein, He's, Ken Griffin, John, David, Pablo Salame, Umesh Subramanian, Arthur Levitt Organizations: Goldman, The New York Times, Reuters, BDT, MSD Partners, Miami . Partners, Citadel, Citadel Horwitz, Washington DC, Securities and Exchange Commission, Clinton Locations: Miami, Citadel's, Washington

July 28 (Reuters) - Goldman Sachs (GS.N) executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman. Salisbury will reunite with Goldman alums in his new role, including Sixth Street CEO Alan Waxman. Salisbury became a partner in 2008 and previously served as global co-head of the asset management unit before it was combined with wealth management under Marc Nachmann last year. Goldman's asset management division has promoted 11 partners and hired nine new managing directors focused on investing this year, a company spokeswoman said. Salisbury has "done a great job putting together all these asset management businesses over the last few years," Nachmann said in an interview.

Persons: Goldman Sachs, Julian Salisbury, Salisbury, Goldman alums, Alan Waxman, Marc Nachmann, Julian, Waxman, Dina Powell McCormick, Gregg Lemkau, Katie Koch, Goldman, Nachmann, It’s, David Solomon, Lloyd Blankfein, Manya Saini, Niket, Lananh Nguyen, Vinay Dwivedi, Matthew Lewis Organizations: Sixth, Goldman, MSD Partners, TCW, Reuters, Thomson Locations: Goldman, Salisbury, London, Moscow, New York, Russia, China, Bengaluru, Lananh

☆ Mission Impossible: Paramount reckoning
▼ + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.

Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, “, Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI

☆ Is Goldman Sachs' partnership losing some of its shine?
▼ + stars: | 2023-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: two of its high-profile partners exiting the bank. (In fact, he made our annual list of rising stars on Wall Street in 2020.) That begs the question: Has Goldman Sachs' partnership lost some of its luster? And here's a running list of partners who have left Goldman Sachs under David Solomon. According to The Wall Street Journal, many of the industry's power players aren't looking forward to Biden-Trump part II.

Persons: Dan DeFrancesco, I'm, we've, Wall Streeter, Goldman Sachs, Sayonara, Goldman, Fred Baba, Dina Powell McCormick, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, David Solomon, Jane, Powell, Fred Baba's, Steve Cohen, Point72, Beth Abramson, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, Bloomberg, Wall Street, Goldman, MSD Partners, Street, Biden, Trump, Financial Times, Nvidia, Netflix, LinkedIn Locations: NYC, Australia, New York, London

☆ Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more
▼ + stars: | 2023-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making some of the biggest moves in premarket trading:ChargePoint — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. Tesla — Shares gained 3% premarket. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers. Coinbase — Shares gained 4% in premarket trading. Nvidia — Shares continued to near $1 trillion in market value, up 3.7% in premarket trading.

☆ Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. Tesla — Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. ChargePoint — Shares rose nearly 11%. Devon Energy , Diamondback , Chevron , ExxonMobil — Energy stocks were under pressure Tuesday as prices for oil and natural gas slid.

☆ Reports of 2 high-profile Goldman Sachs' partners exiting the firm as more layoffs are seen on the horizon
▼ + stars: | 2023-05-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

News broke Tuesday of two high-profile Goldman Sachs partners leaving the bank. It hasn't been smooth sailing at Goldman Sachs in recent months. As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: news breaking of two of its high-profile partners exiting the bank. The exits come amidst a difficult few months for Goldman Sachs, which has seen a change in strategy, a reorg, disappointment over bonuses, and layoffs. Which begs the question: Has Goldman Sachs' partnership lost some of its luster?

Persons: Goldman Sachs, Fred Baba, Dina Powell McCormick, David Solomon, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, Jane, Goldman, Powell Organizations: Morning, Goldman, Bloomberg, Wall Street, MSD Partners, Street

☆ Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder
▼ + stars: | 2023-05-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

National Amusements, Paramount's majority voting shareholder, announced Thursday afternoon that it has entered into an agreement for a $125 million preferred equity investment from BDT Capital Partners, an affiliate of BDT & MSD Partners. Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett's favorite banker piled into the media company's controlling shareholder. BDT & MSD Partners' chairman and co-CEO is Byron Trott, who has long been known as Buffett's preferred and trusted banker. "It's not good news when any company passes its dividend, or cuts its dividend dramatically," Buffett said. Upgrade from LoopLoop Capital on Friday upgraded Paramount to a hold rating from a sell in light of the BDT investment.

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc (KKR.N) has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc (WPP.L). WPP, which was founded by Martin Sorrell, will retain a majority stake in FGS Global. Existing investor Golden Gate Capital is selling its entire stake to KKR, which is investing in FGS Global through its $8-billion European Fund VI. FGS Global currently employs more than 1,200 people across 27 offices globally.

☆ Buyout barons reach deep into their bags of tricks
▼ + stars: | 2023-02-15 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

NEW YORK, Feb 15 (Reuters Breakingviews) - Debt necessity is proving to be the mother of private equity invention. With the cheap borrowing that fueled record-breaking years of leveraged buyouts gone, firms are digging deeper into their bags of tricks. Private equity firm Silver Lake, which bought a stake alongside the IPO, said it might take control. Besides putting private equity firms into weaker negotiating positions, the competing incentives also threaten conflicts of interest with limited partners. ...THERE’S A WAYIf the U.S. Federal Reserve avoids engineering a recession, private equity should be able to revert to its tried-and-true formula soon enough.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ Inside the lives of some of the most powerful people on Wall Street
▼ + stars: | 2022-12-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.

☆ Intrepid bankers will find Boutique Blvd jam-packed
▼ + stars: | 2022-12-19 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +3 min

The situation complicates things for rainmakers considering their next steps in a weaker environment for mergers and acquisitions. Making the well-trod move from Wall Street to Boutique Boulevard will be much harder in 2023. The entrepreneurial spirit often hits investment bankers when times get tough, and their mega-bank employers start cutting staff or restricting access to the balance sheet. It's easy to see how the likes of Blair Effron’s Centerview, Robey Warshaw and Ken Moelis’ eponymous firm established themselves. Absent those kinds of industry-specific or geographic relationships, idle investment bankers may find themselves just spending more time with their families.

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. Microsoft Corp (MSFT.O) rose 2% following the tech giant's deal to buy a 4% stake in the London Stock Exchange Group (LSEG.L), powering much of Wall Street's gains. The benchmark S&P 500 (.SPX) looked to rebound from its worst weekly performance since late September, sparked by dour comments from top U.S. executives and mixed economic data. Fears of an economic downturn have hammered Wall Street's main indexes this year, with the Nasdaq (.IXIC) and the S&P 500 down 29.4% and 17%, respectively. Eight out of the 11 major S&P sector indexes were in the green, led by energy (.SPNY), utilities (.SPLRCU) and technology stocks (.SPLRCT).

☆ Grill Maker Weber to Be Taken Private in $3.7 Billion Deal, With Debt
▼ + stars: | 2022-12-12 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

This year, Weber Inc. cut its outlook twice, replaced its chief executive and withdrew its financial guidance. Weber Inc. on Monday said it agreed to a sweetened buyout from BDT Capital Partners LLC, the private-equity firm that took the grill maker public in 2021 and had remained the company’s majority owner. BDT agreed to pay $8.05 a share, a 24% premium to Weber’s closing price Friday, for the rest of the Palatine, Ill.-based company that it doesn’t own. BDT holds a more-than 85% stake in Weber.

☆ Grill maker Weber to go private with BDT Capital in $3.7 bln deal
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +1 min

Dec 12 (Reuters) - Weber Inc (WEBR.N), known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal. BDT, which has a 48.2% stake in Weber, will buy all outstanding shares that it does not already own for $8.05 per share. Shares of Weber, which have shed nearly half of their value this year, jumped nearly 22% to $7.90 in premarket trading. Palatine, Illinois-based Weber said that as part of the deal, funds managed by BDT will provide the grill maker with an unsecured loan of additional $350 million. Weber plans to utilize the loan to repay existing debt and fund working capital for the 2023 outdoor cooking season, among other purposes.

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