5.11 Announces Filing of Registration Statement for Proposed Initial Public Offering
08 November 2021 - 1:15PM
5.11 ABR Corp. (“5.11”), a Compass Diversified (NYSE: CODI)
subsidiary, today announced that it has publicly filed a
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission (“SEC”) relating to a proposed initial public
offering of its common stock. The number of shares to be offered
and the price range for the proposed offering have not yet been
determined. 5.11 intends to list on the Nasdaq Global Market under
the ticker symbol “VXI.”
Morgan Stanley, Jefferies and Baird will act as lead
book-running managers for the proposed offering. William Blair and
Raymond James will act as book-running managers for the proposed
offering. Roth Capital Partners, CJS Securities, CIBC Capital
Markets, Telsey Advisory Group, Loop Capital Markets and Academy
Securities will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to this
offering, when available, may be obtained from: Morgan Stanley
& Co. LLC, 180 Varick Street, 2nd Floor, New York, New
York 10014, Attn: Prospectus Department; Jefferies LLC, 520
Madison Avenue, 2nd Floor, New York, New York 10022, Attn: Equity
Syndicate Prospectus Department; or Robert W. Baird & Co.
Incorporated., 777 East Wisconsin Avenue, Milwaukee, Wisconsin
53202, Attn: Prospectus Department.
A registration statement on Form S-1 relating to the proposed
offering has been filed with the SEC but has not yet become
effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell
or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements with regard to the expectations
related to the proposed initial public offering of 5.11’s common
stock. Words such as "believes," "expects," “anticipates,”
“intends,” "projects," “assuming,” and "future" or similar
expressions, are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain
factors could cause actual results to differ materially from those
projected in these forward-looking statements, including, but not
limited to, risks associated with the proposed initial public
offering of 5.11 generally, market factors, regulatory approvals
for the proposed initial public offering, general business risks
and other considerations. Certain other factors are enumerated in
the risk factor discussion in the Form 10-K filed by CODI with the
SEC for the year ended December 31, 2020 and other filings with the
SEC, as well as the risk factors enumerated in the registration
statement on Form S-1 filed by 5.11 with the SEC relating to the
proposed initial public offering of its common stock. Except as
required by law, CODI undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
CONTACTS
CODI Investor Relations The IGB Group Leon
Berman 212-477-8438 lberman@igbir.com
CODI MediaJoele Frank, Wilkinson Brimmer
KatcherJon Keehner / Kate Thompson / Lyle Weston212-355-4449
5.11 Investor Relations ICR, Inc.Tom
FilandroTom.Filandro@icrinc.com
Bilun BoynerBilun.Boyner@icrinc.com
5.11 MediaICR, Inc.Judy
LeeJudy.Lee@icrinc.com
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