Skechers Agrees to Acquisition by 3G Capital
Deal News | May 06, 2025 | EIN
Skechers U.S.A., Inc., the renowned U.S. footwear brand known for its founder-led legacy and significant market presence, has announced its agreement to be acquired by 3G Capital, a global investment firm. The acquisition sees 3G Capital offering $63.00 per share in cash with an option for Skechers shareholders to opt for $57.00 alongside an equity unit in a new parent company. This deal, approved by the Skechers Board, presents a strategic opportunity for Skechers to expand its global footprint while maintaining its innovative spirit under the leadership of its current management, including CEO Robert Greenberg. 3G Capital, known for partnering with prominent consumer businesses, will support Skechers' growth endeavours including product innovation, international expansion, and strategic investments.
Sectors
- Footwear
- Private Equity
Geography
- United States – Skechers is based in Manhattan Beach, California, and is a well-known U.S. company, reflecting the geographical origin and operational base of the company.
- Global – 3G Capital is a global investment firm, and Skechers operates in international markets, indicating the global strategic impact of the acquisition.
Industry
- Footwear – Skechers operates within the global footwear industry, being the third-largest company in this sector, which includes designing, manufacturing, and selling footwear products.
- Private Equity – The acquisition of Skechers by 3G Capital, a private equity firm, underscores the relevance of the private equity industry in facilitating strategic transactions and investment in consumer product companies.
Financials
- $63.00 per share – The cash offer price per share by 3G Capital for the acquisition of all outstanding shares of Skechers.
- $9 billion – The annual sales figure for Skechers, indicating the scale and financial health of the company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Skechers U.S.A., Inc. | Target Company | Company | Skechers is a leading global footwear brand recognized for its innovation, comfort, and extensive distribution network. |
| 3G Capital | Acquirer | Company | A global investment firm known for its owner-operator approach and involvement in transformative investments and strategic partnerships. |
| Robert Greenberg | Chairman and CEO of Skechers | Person | Robert Greenberg is the Chairman and Chief Executive Officer of Skechers, leading the company with a focus on growth and innovation. |
| Alex Behring and Daniel Schwartz | Co-Managing Partners of 3G Capital | Person | Alex Behring and Daniel Schwartz are Co-Managing Partners at 3G Capital, known for their role in guiding the firm’s strategic investments. |