e.l.f. Beauty, Inc. Announces Proposed Secondary Public Offering of Common Stock
Mar 29 2017
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint lead book-running managers in the proposed offering. Piper Jaffray & Co. and Wells Fargo Securities, LLC are also acting as book-running managers in the proposed offering. William Blair & Company, L.L.C., BMO Capital Markets Corp., Cowen and Company, LLC, Stifel, Nicolaus & Company, Incorporated and SunTrust Robinson Humphrey, Inc. are acting as co-managers in the proposed offering.
A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made by the selling stockholders only by means of a
prospectus. A copy of the preliminary prospectus related to the offering
may be obtained, when available, from J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
About e.l.f. Beauty, Inc.
e.l.f. makes luxurious beauty accessible for all women to play beautifully®. Established in 2004 as an e-commerce business (www.elfcosmetics.com), e.l.f. has become a true multi-channel brand through its e.l.f. stores and national distribution at Target, Walmart, CVS, Old Navy and other leading retailers.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements, including statements regarding the proposed secondary public
offering, are based on the Company’s current plans and expectations and
involve risks and uncertainties which are, in many instances, beyond the
Company’s control, and which could cause actual results to differ
materially from those included in or contemplated or implied by the
forward-looking statements. Such risks and uncertainties include, but
are not limited to: the Company’s ability to grow Net Sales, Gross
Margin, Adjusted EBITDA, Adjusted Net Income and Adjusted Pro Forma
Diluted earnings per share as anticipated; the Company’s ability to
effectively compete with other cosmetics companies; the Company’s
ability to successfully introduce new products; the loss of one or more
of the Company’s key retail customers or if the general business
performance of its key retail customers declines; the consequences if
the Company fails to maintain the quality, performance and safety of its
products; the Company’s ability to successfully implement its growth
strategy; the Company’s ability to grow its business at historic rates,
or at all, and to manage growth effectively; any damage to the Company’s
reputation or brand; the loss of, or damage to, the Company’s warehouse
and distribution center and/or the manufacturing facilities or
distribution centers of its third-party manufacturers and suppliers; the
loss of the third-party suppliers, manufacturers, distributors and other
vendors that the Company relies on to produce products or provide
services that are consistent with its standards or applicable regulatory
requirements; the Company’s ability to effectively manage its inventory;
the Company’s ability to manage its debt obligations; the Company’s
ability to maintain sufficient liquidity to sustain its business and
meet seasonal working capital requirements; the Company’s ability to
protect against service interruptions, data corruption, cyber-based
attacks or network security breaches, and to effectively resolve issues
in a timely manner if they occur; the Company’s ability to protect
sensitive information of its consumers and information technology
systems against security breaches; the Company’s ability to manage the
political, legal and economic risks associated with its operations in
ELF-PRI
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ICR, Inc.
Investors:
Allison Malkin, 203-682-8200
or
Media:
Brittany
Rae Fraser, 646-277-1231
Source: e.l.f. Beauty, Inc.