Birkenstock affiliate L Catterton conducts a $756M secondary public offering, reducing its stake in Birkenstock from 81.1% to 73.2%.
Birkenstock Holding Plc announced a $756M secondary public offering by an affiliate, L Catterton, selling 14M shares at $54/share. L Catterton aims to reduce its stake in Birkenstock from 81.1% to 73.2%. Birkenstock will not sell any shares and will not receive any proceeds from the sale. The offering, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co, will help pay employee tax obligations and repay loans.
June 27, 2024
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