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Tumi Holdings, Inc. (“Tumi”) today announced the pricing of its initial public offering of 18,779,865 shares of common stock at $18.00 per share. The shares are expected to begin trading on the New York Stock Exchange on April 19, 2012 under the symbol “TUMI.”
Tumi is offering 15,608,221 shares of common stock and the selling stockholders, which include funds managed by or entities affiliated with Doughty Hanson & Co Managers Limited, are offering 3,171,644 shares. The underwriters have a 30-day option to purchase up to an additional 2,816,980 shares from the selling stockholders. Tumi will not receive any proceeds from the sale of shares by the selling stockholders.
Tumi expects to receive proceeds, net of underwriters’ discount, of approximately $264.1 million from the offering and intends to use the net proceeds to repurchase all of its preferred stock and a portion of its common stock owned by Doughty Hanson.
Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC, along with J.P. Morgan Securities LLC, are acting as joint book-running managers, and William Blair & Company, L.L.C. and Jefferies & Company, Inc. are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, by contacting Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 1-212-902-9316, Email:
firstname.lastname@example.org; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, Telephone: 1-800-221-1037, Email:
email@example.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-866-803-9204.
The registration statement relating to the securities has been declared effective by the Securities and Exchange Commission. This press release shall 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.