Summit Partners exits Grand Design Recreation Vehicle
Winnebago Industries Inc said Oct. 3 that it agreed to buy Grand Design Recreational Vehicle Company for about $500 million in cash and newly issued Winnebago shares. Grand Design is a portfolio company of Summit Partners. Grand Design makes towable recreation vehicles (RVs). J.P. Morgan has agreed to provide committed financing for the transaction. J.P. Morgan provided financial advice to Winnebago and Lindquist & Vennum LLP acted as legal counsel. Baird acted as financial advisor to Grand Design and Weil Gotshal & Manges LLP acted as legal counsel.
3 October 2016•9 mins read
