Compass Diversified Holdings, which owns Fox Racing Shox, announced it had priced a public offering of 6.4 million trust shares, representing a primary offering of 5.1 million trust shares by CODI and a secondary offering of 1.3 million trust shares by a selling shareholder.


CODI raised approximately $73.4 million of gross proceeds from its portion of the offering. The underwriters will have a 30-day option to purchase up to an additional 960,000 trust shares from CODI and the selling shareholder to cover over-allotments.

 

CODI expects to use the net proceeds from the offering for general corporate purposes. CODI will not receive any proceeds from the secondary offering.

 

The closing is expected to occur on or about April 16, 2010, subject to customary closing conditions.

Morgan Stanley and UBS Investment Bank are the joint book-running managers on the offering, with BB&T Capital Markets, a division of Scott & Stringfellow, LLC; CJS Securities, Inc.; Janney Montgomery Scott and SunTrust Robinson Humphrey acting as co-managers