Ares Private Equity-linked funds sell 15M SVV shares, including a 30-day option for 2.25M more, alongside a $10M buyback plan.
Savers Value Village announced a secondary offering of 15M shares by Ares Private Equity and Opportunistic Credit funds. The move includes a $10M share buyback plan, signaling potential confidence in the company’s valuation.
Underwriters have a 30-day option to purchase up to 2.25M additional shares. The offering follows prior private equity exits, reflecting ongoing capital reallocation by major stakeholders.
No immediate market reaction was disclosed in the announcement.