Kurt Geiger: Sale to Steve Madden Finalized
Deal News | Feb 17, 2025 | Addleshaw Goddard
Addleshaw Goddard, a respected law firm, has successfully advised the senior management of Kurt Geiger in its sale to Steve Madden, a NASDAQ-listed fashion giant known for its footwear, accessories, and apparel collections. The transaction involved significant collaboration among legal and financial advisors, including Solomon Partners for Steve Madden and Kinmont for Kurt Geiger's senior management. The law firms Travers Smith LLP and Foley & Lardner LLP provided legal counsel to Steve Madden, while BofA Securities and Freshfields LLP assisted Cinven, Kurt Geiger’s seller. This strategic deal marks an important milestone for Steve Madden as it continues to expand its footprint in the fashion sector.
Sectors
- Fashion & Apparel
- Legal Services
- Financial Advisory
Geography
- United Kingdom – Kurt Geiger is based in London, United Kingdom, and some of the advisors involved are also located there.
- United States – Steve Madden is based in the United States, and participants like Solomon Partners and Foley & Lardner LLP are also US-based.
Industry
- Fashion & Apparel – This industry is relevant as Steve Madden is a fashion footwear, accessories, and apparel company acquiring Kurt Geiger, a prominent name in fashion retail.
- Legal Services – Multiple law firms, including Addleshaw Goddard, Travers Smith LLP, Foley & Lardner LLP, and Freshfields LLP, provided legal advisory services for the transaction.
- Financial Advisory – The financial advisory roles were crucial in this deal, with firms such as BofA Securities and Solomon Partners involved in advising respective parties.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kurt Geiger | Target | Company | A London-based fashion retailer specializing in footwear and accessories. |
| Steve Madden | Bidding Company | Company | An American fashion company, publicly traded on NASDAQ, known for designing and marketing footwear, accessories, and apparel. |
| Cinven | Selling Company | Company | Private equity firm that previously owned Kurt Geiger. |
| Addleshaw Goddard LLP | Legal Advisor | Company | A law firm representing senior management of Kurt Geiger in the sale. |
| Solomon Partners, L.P. | Financial Advisor | Company | Advising Steve Madden on financial matters related to the acquisition. |
| Travers Smith LLP | Legal Advisor | Company | Legal advisor for Steve Madden. |
| Foley & Lardner LLP | Legal Advisor | Company | Legal advisor for Steve Madden. |
| BofA Securities | Financial Advisor | Company | Providing financial advisory services to Cinven. |
| Freshfields LLP | Legal Advisor | Company | Legal advisory services for Cinven. |
| Kinmont | Financial Advisor | Company | Providing financial advisory services to Kurt Geiger's senior management. |