Deal Details

BIRKENSTOCK Completes $756 Million Follow-On Offering

Consumer

BIRKENSTOCK follow-on offering

Summary

Birkenstock Holding plc (“BIRKENSTOCK”) (NYSE: BIRK) recently completed a secondary public offering of 14,000,000 of its ordinary shares by selling shareholder L Catterton, at a price of $54.00 per share, generating gross proceeds of $756.0 million. L Catterton has sole voting and dispositive power over 9,880,814 shares offered, and L Catterton and the executive officers and certain other employees of the BIRKENSTOCK Group have shared voting and dispositive power over 4,119,186 shares offered. L Catterton has also granted the underwriters a 30-day option to purchase up to 2,100,000 additional ordinary shares. BIRKENSTOCK is not selling any ordinary shares in the offering and will not receive any proceeds from the sale of the ordinary shares by L Catterton.

Baird served as a co-manager on this transaction.

About

BIRKENSTOCK is the ultimate parent company of Birkenstock Group B.V. & Co. KG and its subsidiaries (the “Birkenstock Group”). 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. Deeply rooted in studies of the biomechanics of the human foot and backed by a family tradition of shoemaking that can be traced back to 1774, BIRKENSTOCK is a timeless “super brand” with a brand universe that transcends product categories and ranges from entry-level to luxury price points while addressing the growing need for a conscious and active lifestyle. BIRKENSTOCK is headquartered in London, United Kingdom.

Established in 1989, L Catterton is a leading consumer-focused investment firm, managing approximately $35 billion of equity capital and three multi-product platforms: private equity, credit and real estate. Leveraging deep category insight, operational excellence and a broad network of strategic relationships, L Catterton's team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. The firm has made over 250 investments in some of the world's most iconic consumer brands. L Catterton was formed in 2016 through the partnership of Catterton, LVMH and Financière Agache, the family office of Bernard Arnault. L Catterton is headquartered in Greenwich, Connecticut.