Birkenstock Holding (BIRK) Announced Pricing of $756 Mln Secondary Offering of Ordinary Shares

LONDON, UK / ACCESSWIRE / June 26, 2024 / Birkenstock Holding plc ("BIRKENSTOCK" or "we") (NYSE: BIRK) announced today the pricing of an underwritten secondary public offering of 14,000,000 of its ordinary shares (the "Ordinary Shares") by BK LC Lux MidCo S.à r.l. ("MidCo"), an entity affiliated with L Catterton (the "Selling Shareholder"), at a price to the public of $54.00 per share. The Selling Shareholder has sole voting and dispositive power over 9,880,814 shares offered, and the Selling Shareholder and the executive officers and certain other employees of the BIRKENSTOCK Group have shared voting and dispositive power over 4,119,186 shares offered.

In connection with the offering, the Selling Shareholder has granted the underwriters a 30-day option to purchase up to 2,100,000 additional Ordinary Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the Ordinary Shares by the Selling Shareholder.

The closing of the offering is expected to occur on June 28, 2024, subject to customary closing conditions.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. BofA Securities, Citigroup, Evercore ISI, Jefferies, Morgan Stanley, UBS Investment Bank, BMO Capital Markets, BNP PARIBAS and HSBC are acting as bookrunners for the proposed offering, and Baird, Deutsche Bank Securities, Stifel, William Blair, Williams Trading, Telsey Advisory Group, Academy Securities, Independence Point Securities and Loop Capital Markets are acting as co-managers for the proposed offering.

A registration statement on Form F-1 relating to the offering has been filed with the U.S. Securities and Exchange Commission and was declared effective on June 26, 2024. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained, when available, from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, via telephone: (866) 471¬2526, or via email: [email protected]; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] and [email protected].

You May Also Be Interested In

• Solera Corp (SLRA) Files for Proposed IPO
• Achieve Life Sciences (ACHV) Files $200M Mixed Shelf
• HubSpot (HUBS) is investigating cybersecurity incident - TechCrunch