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Announced

Completed

Wolverine World Wide completed the acquisition of Sweaty Betty from L Catterton for $410m.

Financials

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Transaction Value£294m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Completed

Single Bidder

United States

Private Equity

clothes

Private

Clothing and Accessories

Majority

Acquisition

Domestic

activewear clothes

Synopsis

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Wolverine World Wide, a footwear manufacturer, completed the acquisition of Sweaty Betty, an activewear brand, from L Catterton for $410m. “The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company. It also gives us a leadership position in the growing women’s activewear category,” Blake W. Krueger, Wolverine Chairman and CEO.

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