Simpson Thacher, Latham & Watkins, and Morris Nichols advised on $3.1 billion take-private of Mister Car Wash by Leonard Green & Partners (LGP).
Mister Car Wash, Inc. has been acquired by investment funds managed by Leonard Green & Partners in an all-cash take-private transaction implying an enterprise value of approximately US$3.1 billion.
Under the terms of the transaction, Leonard Green & Partners will acquire all outstanding equity of Mister Car Wash not already owned by its funds (other than rolled interests) at US$7.00 per share. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2026.
Simpson Thacher & Bartlett LLP is representing Leonard Green & Partners in connection with the acquisition of Mister Car Wash.
The Simpson Thacher team includes Greg Klein, Michael Kaplan, Kevin Tsai, Julian Alsarhn, Sam Buchman, Millen Trujillo, Michelle Barrett and Jason Chukwuma (M&A); Russell Light and Elizabeth Trask (Tax); Harry Hudesman, John O’Neil and Caitlin McGuire (Executive Compensation and Employee Benefits); John Ilardo, Peter Bang and Caroline Tompkins (Finance); and Karen Kazmerzak and Nathaniel Bronstein (Antitrust).
Latham & Watkins LLP represented Mister Car Wash, Inc. In the transaction.
The Latham corporate deal team was led by New York Partners Paul Kukish, Andrew Elken, and Michael Vardanian, with associates Kyle Adams, Jordan Freisleben, William Anderson, and Andrew Zandomenego.
Morris, Nichols, Arsht & Tunnell provided legal counsel to the Special Committee of Mister Car Wash’s Board of Directors.
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