Loyens & Loeff Luxembourg advised on the successful bid for the acquisition of the Birkenstock group
We advised various international credit institutions on the financing of the successful bid by Catterton for the acquisition of a majority stake in the iconic German shoe manufacturer Birkenstock.
Loyens & Loeff advised various international credit institutions on the financing of the acquisition by Catterton Management Company, L.L.C., the private equity firm backed by LVMH and Bernard Arnault’s family investment company Financière Agache, of a majority stake in the Birkenstock group, the iconic German shoe manufacturer known for its production of shoes and notably sandals bearing the same name (Birkenstocks).
It was reported earlier last week that the purchase would value the sandal maker at about 4 billion euros (USD 4.9 billion) and that the family owners of Birkenstock preferred bidder L Catterton’s track record with family-backed consumer brands as well as its ability to expand in Asia.
Our Luxembourg Banking & Finance team, led by partner Anne-Marie Nicolas and supported by counsels Elie-Raphaël Soudry, Nadège Le Gouellec (tax) and associate Ignacio Jimenez Guardiola advised the lenders in this bid until its successful completion.
Anne-Marie NicolasPartner Attorney at Law / Avocat à la Cour
Anne-Marie Nicolas, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. She co-heads the Luxembourg Restructuring Team. Anne-Marie focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: firstname.lastname@example.org
Elie-Raphaël SoudryCounsel Attorney at law
Elie-Raphaël Soudry, counsel, is a member of the Banking & Finance Practice Group in our Luxembourg office. He focuses on secured lending, including acquisition and real estate finance as well as transportation finance.T: +352 466 230 320 E: email@example.com
Ignacio Jiménez GuardiolaAssociate Attorney at law
Ignacio Jiménez Guardiola, associate, is a member of the Banking & Finance Practice Group in our Luxembourg office and a member of the Restructuring Team. He focuses on secured lending, including acquisition and real estate finance and in capital markets transactions.T: +352 466 230 615 E: Ignacio.Jimenez.Guardiola@loyensloeff.com