Kirkland advises Birkenstock and L Catterton on IPO

Photo: Dr. Anna Schwan­der, Part­ner at Kirk­land in Munich
16. Octo­ber 2023

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.

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