All M&A articles – Page 10
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News briefs
Eulero Capital takes over Mondeox
The investment firm Eulero Capital has acquired a 60 percent stake in the Italian footwear manufacturer Mondeox from the Florian family, according to the daily Il Sole 24 Ore. Mondex was founded in 1993 by Maurizio Florian and his wife Maria Antonia. The company specializes in outdoor footwear and work ...
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ArticleAuthentic Brands Group takes over Rockport
Authentic Brands Group (ABG) is taking over the troubled U.S. footwear firm The Rockport Company, following a decision by the United States Bankruptcy Court for the District of Delaware, and will rely on Marc Fisher Footwear to develop the brand in the United States. Further partnerships for Rockport are expected ...
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ArticleRichemont buys controlling stake in Gianvito Rossi
Richemont has acquired a controlling stake in Gianvito Rossi, an Italian luxury shoemaker. No financial details were released. Gianvito Rossi, the founder, CEO and creative director of the eponymous brand, will retain a stake in the company and continue to “nurture and develop” the brand in partnership with Richemont, the ...
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ArticleGörtz’s insolvency proceedings are over, CK Technology is the new owner
A long period of uncertainty may have come to an end for the Hamburg-based shoe retailer Görtz with the completion of insolvency proceedings and a new owner. According to the Frankfurter Allgemeine Zeitung newspaper, the district court of Hamburg has declared that all proceedings were over, with all debts registered ...
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Beverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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B.A.V. Shoes takes over Donna Più
B.A.V. Shoes, an Italian footwear company situated in Vigevano, about 36 kilometers south of Milan, has bought the brand Donna Più, which had been withdrawn from the market about three years ago due to the disruption caused by the Covid-19 pandemic. The relaunch of the brand will start with the ...
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Pittards in talks with investor ready to invest £1m
Pittards said that it has successfully concluded discussions with an unnamed trade investor, who has agreed to invest up to £1 million (€1.2m) via the subscription of up to 25,000,000 new ordinary shares at the price of 4 pence (4.6 euro cents) each under the current open offer to shareholders, ...
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ArticleHotter Shoes rescued by WoolOvers in £6.7m sale
Hotter Shoes has been rescued from collapse by the natural knitwear brand WoolOvers, in a pre-pack administration deal worth £6.7million (€7.7m). WoolOvers had approached Unbound Group, the parent company of the British footwear retailer, in March with an initial bid valuing the group £6.8 million but the proposal was rejected ...
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ArticleUnbound appoints administators to sell Beaconsfield Footwear
Unbound Group, the owner of British footwear retailer Hotter Shoes, said that it has decided to appoint administrators for its main operating subsidiary, Beaconsfield Footwear Limited, after having failed to find a buyer for the business or to raise fresh cash to restructure it. The appointment of the administrators is ...
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ArticleThe French brand Heschung is taken over
The French footwear company Heschung is being taken over by PPL Finance following a court ruling issued on July 5. On April 11, the nine stores of the Alsace-based brand had been placed into receivership while a liquidation process was launched for the production site situated in Steinbourg, about 40 ...
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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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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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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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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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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 ...
