L Catterton acquires majority stake in BIRKENSTOCK

12 March 2021

BIRKENSTOCK sold a majority stake to L Catterton and its affiliated companies including Financière Agache, the family holding company of Bernard Arnault, the CEO of LVMH.

BIRKENSTOCK is a global lifestyle brand best known for its iconic footwear. The family business, run by the sixth generation, has 4,300 employees worldwide and is one of the largest employers in the German footwear industry. The transaction is the next logical step for BIRKENSTOCK to enable further growth in China and India.

Together with Kirkland & Ellis and Arendt & Medernach, Houthoff assisted L Catterton in this acquisition. The team included Paul de Vries, Willem Liedenbaum, Claire Reynaers, Marijn van Horen, Jessica Terpstra, Lisa Stefels and Philippe Stille.

L Catterton | BIRKENSTOCK sets the course for further global growth through strategic partnership with L Catterton and Financière Agache
Kirkland & Ellis | Kirkland advises L Catterton on an agreement together with its affiliates, as well as a group of investors including Financière Agache, the family holding company of Bernard Arnault, the CEO of LVMH, to acquire a majority stake in BIRKENSTOCK Group