All M&A articles – Page 7
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News briefs
Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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ArticleThe family office MKCP takes over Bama
Bama, the German supplier of shoe care products and insoles that is part of the Serafin group, has found a new investor. MKCP, a Hamburg-based family office, has taken over the firm and its assets as part of an insolvency procedure, Bama announced. The company applied for self-administration ...
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News briefs
JD Sports to buy out minority shareholders in ISRG
JD Sports Fashion plans to buy the 49.98 percent stake in Iberian Sports Retail Group (ISRG) that is currently held by Balaiko Firaja Invest and Sonae Holdings for a total cash consideration of €500.1 million which will be funded from its existing available cash resources. Upon completion, the British retailer ...
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ArticleTitan Industries buys Clergerie
On June 29, a Paris-based commercial court approved the takeover of Maison Clergerie by the California-based footwear company Titan Industries. The French maker of luxury footwear was placed into receivership on March 29 after failing to reach an arrangement between shareholders and creditors. Titan Industries is acquiring Clergerie for €700,000 ...
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News briefs
Authentic Brands Group raises $500m from General Atlantic
Authentic Brands Group (ABG) has announced a $500 million primary follow-on investment from global growth equity firm General Atlantic, its current investor. The continued partnership with General Atlantic is meant to support ABG’s worldwide expansion. General Atlantic first partnered with ABG in October 2017. The latest investment brings General Alantic’s ...
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ArticleC-Suite interview: Autry’s owner looks to cash in on success as it puts the brand up for sale
The owner of the fast-growing sneakers brand Autry is looking to cash in on its success with a sale to a new investor. The private equity Made in Italy Fund, managed by the Italian asset management company Quadrivio and the fashion consultancy Pambianco, acquired a controlling stake in Autry along ...
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ArticleUnbound can’t find a buyer, mulls a capital increase
Shares in Hotter Shoes’ owner Unbound Group plunged after the company said it had taken itself off the market after receiving no buyout offers and was now looking at an equity raising to support a restructuring plan. The shares were down by over 18 percent on the day. “No potential ...
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ArticleAuthentic Brands Group emerges as ‘stalking horse’ for Rockport
Affiliates of Authentic Brands Group, ABG-Regatta LLC and ABG Intermediate Holdings, have emerged as the ‘stalking horse’ bidder for The Rockport Company, agreeing to pay $40.4 million for the bankrupt firm’s intellectual property, $5 million for its Korean subsidiary and additional, yet-to-be-determined amounts for inventory. The closing cash purchase price ...
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News briefs
Frasers buys a stake in Boohoo
Regulatory filings showed that Frasers Group bought 63.5 million Boohoo shares, or 5 percent of the capital of the U.K. online fashion retailer. It also bought an 8.9 percent stake in Currys, a British retailer of domestic appliances and electronics. “We see potential synergies and an opportunity to strengthen ...
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News briefs
KKR to purchase €40bn of buy now, pay later European loans from PayPal
Private credit funds and accounts managed by the American investment firm KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain and the U.K.. KKR will acquire substantially all the European BNPL loan portfolio held on PayPal’s ...
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News briefs
Careismatic Brands buys Bala Footwear
Careismatic Brands, a U.S. supplier of medical apparel, said that it has acquired Bala Footwear, a producer of footwear for nurses. No financial details were released. Bala Footwear was founded in 2020 in Portland, Oregon, by former Nike executives Brian Lockard and John Eberle, and former Under Armor executive Caprice ...
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News briefs
Permira reportedly mulls selling Golden Goose
The private equity Permira is exploring the sale of Golden Goose for over €2.5 billion, according to the news agency Bloomberg. In 2020, the private equity bought the Italian sneaker brand from Carlyle for €1.28 billion.
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News briefs
Holding Moda plans to buy 2 Italian manufacturers of shoe uppers
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, plans to buy two Italian producers of shoe uppers, said Claudio Rovere, the founder and chairman of Hind in an interview with the daily MF. Earlier this year, Holding Moda bought a majority stake in Beste, an Italian manufacturer ...
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News briefs
Asos reportedly received a more than £1bn takeover approach in December
The Sunday Times reported that Asos had last December received a more than £1 billion (€1.5bn) approach from Trendyol, a Turkish company backed by the Chinese online giant Alibaba. A deal would have valued the British retailer at between £10 (£11.6) and £12 (13.9) per share, valuing the company at ...
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ArticleAuthentic Brands Group buys the rights to the Hunter brand
Authentic Brands Group (ABG) announced on June 2 the acquisition of the intellectual property of Hunter, the British brand famous for its Original Wellington boot. No financial details were released, but Sky News cited a source suggested that the deal could value Hunter as much as £100 million (€116m). ...
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ArticlePermira buys a majority stake in Gruppo Florence
London-based private equity Permira has agreed to acquire a majority stake in Gruppo Florence from its shareholders. The deal is expected to close in the fourth quarter of 2023. No financial terms were disclosed, but Reuters cited a source close to the matter saying that the deal values Gruppo Florence ...
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ArticleAsos raises £80m by issuing shares
Asos raised about £80 million (€92.1m) of gross process by selling newly issued ordinary shares, but there is concern that the British online fashion retailer will need further cash to finance its restructuring. The shares were sold at 418.1 pence (€4.81) each. The proceeds will support the company’s Driving Change ...
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News briefs
Clergerie’s future owner to be chosen on June 14
A Paris-based commercial court is scheduled to decide on June 14 who will take over Maison Clergerie. The French maker of luxury footwear was placed into receivership on March 29 after failing to reach an arrangement between shareholders and creditors. The company, which is based in Romans-sur-Isère in the Drôme ...
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ArticleOne of Alpargatas’ main shareholders wants to increase its stake
The investment firm MS Alpa Participações wants to buy 32 million preferred shares in Alpargatas, the Brazilian footwear company known for the Havaianas brand, at 10.50 Brazilian reais (€1.97) each through a public tender. Alpargatas was informed of the offer on May 19 after the close of the Brazilian ...
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ArticleUnbound puts itself up for sale as funding crisis continues
Unbound, the owner of Hotter Shoes, is putting itself up for sale as the beleaguered British retailer started another restructuring of its operations amid an ongoing funding crisis. The firm said that it was facing constraints after failing to secure fresh cash in light of weaker-than-expected first-quarter trading. It expects ...
