Banks step into jumbo Lev financing for Birkenstock buy

摘要

Banks are lining up a jumbo cross-border loan and bond package to back the acquisition of a majority stake in BIRKENSTOCK by LVMH-backed private equity firm L Catterton. The acquisition was announced on February 26 and sources said it gave the footwear maker an enterprise value of around €4bn. A few banks are close to a lead role on the financing, with a wider bank group set to be appointed shortly.