Savers Value Village Finalizes Stock Offering and Share Repurchase
Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift retailer in the United States and Canada, has successfully concluded a significant financial transaction involving a secondary public offering and a concurrent share repurchase. This strategic move underscores the company’s commitment to financial prudence and shareholder value.
Secondary Public Offering Details
On May 16, 2025, Savers Value Village announced the closing of a secondary public offering of 15 million shares of its common stock at a price of $9.25 per share. The shares were offered by certain funds affiliated with Ares Management and the company’s Chief Executive Officer, Mark Walsh. Importantly, the company did not receive any proceeds from this offering, as all shares sold were from existing stockholders. Stock Titan+3TipRanks+3RTTNews+3Business Wire+4GuruFocus+4Street Insider+4
Concurrent Share Repurchase
In conjunction with the offering, Savers Value Village repurchased 2,258,132 shares of its common stock from the underwriters at the same offering price of $9.25 per share. This repurchase was funded from the company’s existing cash reserves and was executed outside of its previously authorized share repurchase program established in November 2023. Notably, the underwriters did not receive any compensation for the shares repurchased by the company. GuruFocusBusiness Wire
Underwriting and Legal Advisory
The offering was managed by a consortium of financial institutions, with J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank serving as joint lead book-running managers. Additional book-running managers included Baird, Piper Sandler, and William Blair, while KKR Capital Markets LLC and Loop Capital Markets acted as co-managers. Legal counsel for the underwriters was provided by Latham & Watkins LLP. Latham & Watkins
Strategic Implications
This financial maneuver allows Ares Management to reduce its stake in Savers Value Village without diluting existing shareholders’ equity, as no new shares were issued. The company’s decision to repurchase shares concurrently demonstrates confidence in its financial position and future prospects. By utilizing existing cash reserves for the repurchase, Savers Value Village reinforces its commitment to enhancing shareholder value.AInvest+1Street Insider+1GuruFocus
Company Overview
Founded in 1954 and headquartered in Bellevue, Washington, Savers Value Village operates over 315 thrift stores across the United States, Canada, and Australia. The company offers a wide range of second-hand merchandise, including clothing, accessories, and household goods, promoting sustainable shopping practices. Savers Value Village is known by various names in different regions, such as Value Village in Canada and Unique in certain U.S. markets. WikipediaMarketScreener+1Investing.com+1
Recent Financial Performance
In the first quarter of fiscal year 2025, Savers Value Village reported net sales of $370.1 million, marking a 4.5% increase compared to the same period in the previous year. The company also announced plans to open 25 to 30 new stores in 2025, reflecting its ongoing expansion strategy. MarketScreener+3Business Wire+3Stock Titan+3Stock Titan+2Investing.com+2MarketScreener+2
The successful completion of the secondary public offering and concurrent share repurchase positions Savers Value Village to continue its growth trajectory while maintaining financial stability. These strategic actions demonstrate the company’s dedication to shareholder interests and its confidence in long-term value creation.
