Steve Madden to Acquire Kurt Geiger for £289m
Deal News | Feb 13, 2025 | Travers Smith
Travers Smith is advising Steve Madden on its definitive agreement to acquire UK-based fashion footwear brand Kurt Geiger for an enterprise value of £289 million in cash from a group led by Cinven. The transaction involves cross-border cooperation, anticipated regulatory clearances, and is set to close in the second quarter of 2025. Kurt Geiger's brand roster, including Kurt Geiger London, KG Kurt Geiger, and Carvela, complements Steve Madden's existing portfolio of brands with expanded offerings in footwear, apparel, and licensed products.
Sectors
- Fashion and Apparel
- Legal Advisory
Geography
- United Kingdom – Kurt Geiger is a UK-based company, and the acquisition is subject to UK regulatory approvals.
- United States – Steve Madden is a US-based company, listed on Nasdaq, involved in this cross-border acquisition.
Industry
- Fashion and Apparel – The acquisition involves companies that design and market fashion-forward footwear and accessories.
- Legal Advisory – Travers Smith provided legal advisory services in this transaction, indicating the involvement of law firms.
Financials
- £289 million – The enterprise value of Kurt Geiger in the acquisition by Steve Madden.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Steve Madden | Acquiring Company | Company | A US-based designer and marketer of fashion footwear, accessories and apparel. |
| Kurt Geiger | Target Company | Company | A UK-based fashion footwear brand being acquired by Steve Madden. |
| Cinven | Selling Company | Company | An investment group leading the sale of Kurt Geiger. |
| Travers Smith | Legal Advisor | Company | The law firm advising Steve Madden on the acquisition of Kurt Geiger. |
| Foley & Lardner LLP | Legal Advisor | Company | A law firm working closely with Travers Smith to advise on the cross-border transaction. |