23/10/2023
#DEAL #IPO #PRE-IPO #STOCKEXCHANGE #CORPORATE #REGULATORY
Arendt has advised the principal shareholder of Birkenstock Holding plc (NYSE: BIRK), funds advised by L Catterton, on the Initial Public Offering (“IPO”) and related pre-IPO restructuring of Birkenstock from a Luxembourg regulatory and corporate law perspective.
The offering consisted of 10,752,688 million ordinary shares issued and sold by Birkenstock Holding plc and 21,505,376 million ordinary shares to be sold by an entity affiliated with L Catterton, in each case at an IPO price of USD 46.00 per share.
The ordinary shares began trading on the New York Stock Exchange under the symbol “BIRK” on October 11, 2023. The closing of the offering occurred on October 13, 2023.
Lead counsel for the transaction was Kirkland & Ellis.
Birkenstock is a global brand which embraces all consumers regardless of geography, gender, age, and income and which is committed to a clear purpose – encouraging proper foot health.
The Arendt teams involved:
- Corporate Law, Mergers & Acquisitions: Alexander Olliges (Partner), Maria Grosbusch and Sophia Shen (Senior Associates), Deborah Tosi, Miguel Reina-Hernando and Yoni Leleux (Associates)
- Investment Management: Gilles Dusemon (Partner) and Julia Szafranska (Counsel)
