Kirkland advises Birkenstock and L Catterton on IPO
Munich, October 12, 2023 — Birkenstock Holding plc (NYSE: BIRK) and its principal shareholder L Catterton are being advised by Kirkland & Ellis on the IPO of Birkenstock. The IPO included 10,752,688 million ordinary shares issued and sold by Birkenstock and 21,505,376 ordinary shares sold by BK LC Lux MidCo S.à r.l., an affiliate of L Catterton. The common shares were each offered at an issue price of $46.00 per share.
In connection with the offering, the selling shareholder granted the underwriters a 30-day option to purchase up to an additional 4,838,709 shares of common stock to cover over-allotments. The shares have been traded on the New York Stock Exchange under the symbol “BIRK” since October 11, 2023. The closing of the offering is expected to occur on October 13, 2023.
Birkenstock is a global universal brand that appeals equally to all consumers regardless of geography, gender, age or income and is committed to a clear goal — preserving foot health.
Advisors to Birkenstock Holding plc and L Catterton: Kirkland & Ellis, Munich
Dr. Anna Schwander, Foto (Capital Markets), Dr. Benjamin Leyendecker, Dr. Philip Goj (both Private Equity/M&A) (all Lead), Siegfried Büttner (Capital Markets), Dr. David Huthmacher, Greta-Josefin Harnisch (both Private Equity/M&A), Daniel Hiemer (Tax)
Kirkland & Ellis, New York: Ross Leff, Joshua Korff, Zoey Hitzert (all lead, all Capital Markets), Joshua Kogan (Private Equity/M&A), Steph Matko (Executive Compensation); Associates: Sarah Lipinski, Jessica Pushka, Varun Baliga (all Capital Markets)
Kirkland & Ellis, Boston: Vincent Thorn, Brandon Short (both Tax)
Kirkland & Ellis, London: Alan Walker (Tax)
About Kirkland
Kirkland & Ellis is one of the leading firms for high-caliber legal services, with approximately 3,500 lawyers in 19 cities in the U.S., Europe and Asia. The Munich team advises with a focus on private equity, M&A, corporate law, capital markets, restructuring, financing and tax law. www.kirkland.com.