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Announced

Completed

B. Riley-backed cm.shoes completed the acquisition of Vögele Shoes from CCC Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private

shoes

Cross Border

Poland

Private Equity

Friendly

Majority

Personal Products

Completed

Synopsis

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B. Riley-backed cm.shoes, a Hanover-based shoe firm, completed the acquisition of Vögele Shoes, a shoe brand, from CCC Group, a Polish shoes seller. Financial terms were not disclosed. The changes in the ownership of Karl Vögele are the result of the restructuring plans. This decision eventuates directly from the GO.22 strategy announced by CCC at the beginning of 2020, which established CCC's focus on the Central and Eastern Europe region.

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