All M&A articles – Page 26
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ArticleStockX's value surges to $3.8 billion
StockX, the American online market for sneakers, raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors and of a new institutional investor, Dragoneer. The ...
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News briefs
Cuir Invest buys a stake in Souliers Martinez
The investment fund Cuir Invest, focused on the leather and footwear sectors, has invested in the French shoe maker Souliers Martinez, which was created in 2017 buy Julien Martinez. The fund will help the development of the brand which is already sold worldwide through selected resellers and department stores, as ...
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News briefs
Carlyle buys majority stake in END.
The American private equity The Carlyle Group has agreed to acquire a majority stake in the British luxury, streetwear and sportswear retailer END., which operates the website www.endclothing.com. The stake is being acquired from the founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain ...
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News briefsRocky Brands closes Honeywell footwear’s takeover
Rocky Brands has completed its $230 million acquisition of the performance and lifestyle footwear operations of Honeywell International, noting that it will be immediately accretive to its own results. The business, which includes The Original Muck Boot Company and the Xtratuf, Servus, NEOS and Ranger brands, generated Ebitda of about ...
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News briefs
Unlimited Footwear Group buys Braend
The Dutch footwear company Unlimited Footwear Group (UFG), best known for its Bullboxer brand, has taken over the men’s footwear brand Braend, which was founded in 2001 by Jasper van der Velden. The two companies are based in the Dutch footwear cluster of Waalwijk. Van der Velden will remain as ...
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ArticleJD expands in Central and Eastern Europe
Pursuing its international expansion, JD Sports Fashion has signed an agreement to acquire a 60 percent stake in the Marketing Investment Group (MIG), a wholesaler and multi-channel retailer with a network of 410 retail stores in Poland and eight other neighboring countries. The deal is due to be closed before ...
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ArticleItalian industrial dynasty buys 24% stake in Christian Louboutin
The Dutch incorporated holding company Exor will invest €541 million to buy a 24 percent stake in the French luxury shoe maker Christian Louboutin, which is controlled by the founders. The transaction is expected to close in the second quarter and Exor will have the right to appoint two of ...
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News briefs
Garmont changes ownership
Garmont International, the Vedelago, Italy-based manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, is acquiring a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end of March. Thereafter, Pierangelo Bressan, ...
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ArticleThe Peter Kaiser brand is saved, but the German factory will be closed
The insolvent women’s shoe manufacturer Peter Kaiser is being partially taken over. The managing director, Stefan Frank, and the investors Hans-Joachim and Gisela Sander, from the founding family of the Darmstadt-based hair care giant Wella Group, have agreed to buy the brand and other assets of Peter Kaiser Schuhfabrik GmbH ...
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ArticleBirkenstock is taken over by companies linked to LVMH
Birkenstock is being taken over by investment companies linked to the French businessman Bernard Arnault, the controlling shareholder and head of the French luxury goods group LVMH. The transaction will enable the German family-owned sandal maker to expand in Asia. Under the deal, the private equity firm L Catterton and ...
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Article
Scholl and Dr. Scholl’s are reunited under a single ownership
Reckitt Benckiser (RB), a British producer of consumer goods, is selling the footcare brand Scholl to Yellow Wood Partners, a Boston-based private equity firm which already owns Dr. Scholl’s. The sale includes RB’s Amopé, Krack and Eulactol footcare brands and is expected to be completed by the third quarter of ...
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ArticleSchuhkay ends bankruptcy proceedings after acquisition
The Hamburg-based footwear retailer Schuhhaus Kay GmbH & Co KG ended its bankruptcy proceedings and completed its overhaul as part of an asset deal. The company went into bankruptcy in November 2019 and proceedings were opened in early 2020. On Feb. 12, Berlin entrepreneur Steffen Liebich’s company Goal ...
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ArticleKuehne+Nagel buys a Chinese freight company
The Swiss logistics group Kuehne+Nagel has entered into a binding agreement to acquire the Chinese freight forwarder Apex International Corporation. No financial details were released. Apex was founded in 2001 and has about 1,600 employees. It generates yearly revenues in excess of €1.9 billion. In 2020, the company handled total ...
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ArticlePeter Kaiser confirms sales talks with potential investor
The ailing women’s shoe manufacturer Peter Kaiser Schuhfabrik could be close to at least a partial rescue by the hands of a financially sound investor. The German company’s general representative Martin Mucha, from the law firm Grub Brugger, and trustee Günter Staab, from Staab & Kollegen, said that sales ...
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News briefs
Moody’s downgrades VF
Completing its review of VF Corp.’s credit rating following its December acquisition of Supreme, Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, predicting that its ...
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News briefs
Fred Perry buys George Cox
The British sportswear brand Fred Perry has bought the British footwear maker George Cox. The two brands are long-time collaborators and have partnered on several occasions. No financial details were released. George Cox will be integrated into Fred Perry’s global distribution network and have access to its digital expertise. Adam ...
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ArticleLectra plans to buy Gerber Technology
Lectra has reached a preliminary agreement to buy the whole capital of the American company Gerber Technology in a cash and stock deal worth about €300 million. Both companies produce laser cutting machinery used by shoemakers. Under the proposed deal, Lectra would buy Gerber for €175 million in cash and ...
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ArticleBoohoo buys Dorothy Perkins, Burton and Wallis for £25m
The British online fashion retailer Boohoo is buying the Burton, Dorothy Perkins and Wallis brands for £25.2 million (€28.7m-$34.5m), completing the breakup of Arcadia, the retail empire of businessman Philip Green, which had to file for bankruptcy in November 2020. The deal does not include 214 physical stores, putting ...
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News briefs
Dr. Martens shareholder exercises over-allotment option
Dr. Martens said that the broker Goldman Sachs International exercised the over-allotment option granted by IngreLux, a Luxembourg company owned by funds advised by the British investment firm Permira, as part of the initial public offering of the British footwear company. With the exercise of the option, an additional 52,500,005 ...
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ArticleJD Sports on the hunt for more purchases after £464m cash call
JD Sports Fashion is on the hunt for more acquisitions after raising £464 million (€529m-$634m) through a placing of new shares on the London Stock Exchange on Feb. 4. The company said that 58.4 million shares were placed at 795 pence each (€9-$10.8), representing about 6 percent of its share ...
