The Firm recently represented Dollar General Corporation (“Dollar General”) and its controlling shareholder Buck Holdings, L.P., an affiliate of Kohlberg Kravis Roberts & Co., L.P., in connection with a secondary offering of 28,750,000 shares (including the full exercise of the over-allotment option) of common stock at a public offering price of $34.75 per share, resulting in gross proceeds to the selling shareholders (including KKR, other investors and certain members of management) of approximately $969.1 million.
Dollar General is the largest discount retailer in the United States by number of stores, with 9,641 stores located in 35 states, offering a broad selection of merchandise, including consumables, health and beauty products, pet supplies, seasonal, home products and apparel.
The Simpson Thacher team for the transaction included Joe Kaufman, Brandon Mason and Hyun Kang (Brian) Kim (Capital Markets), Jennie Getsin (FINRA) and Christian Miller (Tax).