Levi Strauss & Co., the 166-year-old bluejeans maker, went public on Thursday and closed its debut week with an $8.6 billion market cap. It's the first time the company has traded publicly since 1985, when a San Francisco-based financier named Warren Hellman helped lead a $1.6 billion buyout.
But it all started with Levi's, which his firm took private along with the Haas family, who were the principal owners of the business as descendants of Levi Strauss. Mick said his dad was"very loyal" to the brand and remembers him wearing Levi's clothes all the time, though he said family members had to buy merchandise just like anyone else.
Hellman & Friedman has become an even bigger player in tech private equity of late, joining Blackstone earlier this year in the $11 billion buyout of Ultimate Software.
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