Latham & Watkins Advises on Driven Brands’ Secondary Offering
Driven Brands Holdings Inc., the largest automotive services company in North America, has announced the pricing of the previously announced underwritten secondary offering by certain of the Company's stockholders that are affiliates of Roark Capital Management, LLC (the Selling Stockholders) of 7,000,000 shares of Driven Brands common stock (the Offering). The Selling Stockholders will receive all of the proceeds from the Offering. Driven Brands is not selling any shares of common stock in the Offering and will not receive any proceeds from the Offering.
Latham & Watkins LLP represented the underwriters in the offering with a New York capital markets team led by partners Ian Schuman and Stelios Saffos, with associates Salvatore Vanchieri, Angel Marcial, and Adam Weber.