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 associate Ignacio Jimenez Guardiola advised the lenders in this bid until its successful completion.
