Latham & Watkins Advises the Container Store in Strategic Partnership With Bed Bath & Beyond Owner Beyond, Inc.

The Container Store Group, Inc. (NYSE: TCS), the nation’s leading specialty retailer offering custom spaces, organizing solutions, and in-home services, and Beyond, Inc. (NYSE:BYON) (Beyond), owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands designed to unlock your home’s potential, announced that the companies have entered into a strategic partnership with the objective to improve customer experience utilizing both the Iconic Bed Bath and Beyond Brand and The Container Store. As part of the terms of the collaboration, Beyond, Inc. has agreed to invest US$40 million in The Container Store through a preferred equity transaction subject to certain terms and conditions, including an amendment or refinancing of The Container Store’s credit facilities in a manner commercially acceptable to Beyond.

Latham & Watkins LLP represents The Container Store in the transaction with a multidisciplinary corporate deal team led by M&A partners Jason Silvera, Ian Nussbaum, and Sean Parish, public company and board representation partner Jenna Cooper, and capital markets partners Greg Rodgers and Arash Aminian Baghai.