Arendt advised L-Catterton funds in respect of the Birkenstock IPO on the New York Stock Exchange

Arendt has advised the principal shareholder of Birkenstock Holding plc (NYSE: BIRK), funds advised by L Catterton, on the IPO and related pre-IPO restructuring of Birkenstock from a Luxembourg regulatory and corporate law perspective

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.

Press release "Birkenstock announces pricing of Initial Public Offering' available here (source: Birkenstock Holding plc - EQS News)_

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)

YOU MIGHT ALSO WANT TO DISCOVER

23/11/2023
Tax – Luxembourg minimum net wealth tax provisions unconstitutional

On 10 November 2023, the Luxembourg Constitutional Court concluded that §8(2) a) of the law on net wealth tax was contrary to the constitutional principle of equality. Pending legislative reform, the taxpayers concerned will be subject to the minimum net wealth tax of EUR 1,605 w...

Read More_
25/10/2023

Luxembourg Supreme Court confirms absolute prohibition on attaching settlement accounts in...

Arendt has secured a landmark decision in Luxembourg’s Supreme Court that will contribute significantly to the stability of systemically important fin...
23/10/2023

Arendt advised L-Catterton funds in respect of the Birkenstock IPO on the New York Stock E...

Arendt has advised the principal shareholder of Birkenstock Holding plc (NYSE: BIRK), funds advised by L Catterton, on the IPO and related pre-IPO res...
12/10/2023

Arendt & Medernach acted as counsel for TwentyTwo Real Estate in the largest single-hotel ...

Arendt & Medernach, as a multi-practice group team, acted as counsel for TwentyTwo Real Estate in the largest single-hotel transaction in Europe since...
05/10/2023

Arendt advised Ufenau Capital Partners on its successful closing of Continuation Fund IV

Arendt advised Ufenau Capital Partners, a private equity firm based in Switzerland, on the successful closing of its Continuation Fund 4, at the hard ...