L Catterton Partners, Adecco Group AG (SWX:ADEN), GIC Pte. Ltd., Healthcare of Ontario Pension Plan and Financière Agache Société Anonyme reached an agreement to acquire an unknown majority stake in Birkenstock Productions Rheinland-Pfalz Gmbh from Christian Birkenstock and Alex Birkenstock for €4 billion on February 26, 2021. The transaction is subject to the usual antitrust audits.

Financier Agache of the Arnault family participates in the purchase together with L Catterton. The two brothers Christian and Alex Birkenstock, heirs to the iconic footwear manufacturer's founders, will keep a stake in the company. Ben Leyendecker, Joshua Kogan, Philip Goj, Neel V Sachdev, Jason Kanner, Matthew Merkle, Attila Oldag, Christoph Jerger, Alexander M.H. Längsfeld, Deirdre Jones, Daniel Hiemer, Paula Riedel, Michael Engel and Vincent Thorn of Kirkland & Ellis LLP acted as legal advisor to L Catterton Partners and Financière Agache Société Anonyme.

Julia Petersen, Christofer Mellert, Albrecht Kindler, Klaus Pilz, Juliane Werther-Bontje, Charlotte Sander, Felix Skala, LL.M., Sebastian von Rueden, Stefan Grube, Olga Metcher, Ann-Pascale Horstmann, Marc Puls, Christian Dohmgans, Karsten Hollasch, Roland Basler, Carolin Kopyciok, Jaquelien Ursprung, Felix Bauchrowitz and Julian Opferkuch of Deloitte Legal Rechtsanwaltsgesellschaft mbH acted as legal advisors to Birkenstock Productions Rheinland-Pfalz Gmbh. Kem Ihenacho of Latham & Watkins (London) LLP acted as legal advisor to GIC Pte.