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L Catterton Group Raises $756 Million in Birkenstock Share Sale

L Catterton Group Raises $756 Million in Birkenstock Share Sale

Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc raised $756 million on Wednesday from the sale of a block of shares of the US-traded footwear maker.

The holders sold 14 million shares for $54 each, according to a statement, representing a 9.7 percent discount to the closing price of $59.78 each on Monday when the deal was announced. Birkenstock shares closed Wednesday at $54.61 each. They rose to $54.63…


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Amanda Meade

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CHAI releases responsible AI framework for public comment

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