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Joele Frank, Wilkinson Brimmer Katcher is working the Chapter 11 restructuring of footwear maker Rockport Group and its $150M conditional sale to Charlesbank private equity investor.
Newton, MA-based Rockport, which struggled with high costs and supplier disruptions since its 2015 separation from Adidas Group, expects bankruptcy protection and Charlesbank's financial backing will enable it to regain footing needed to capitalize on its brand heritage.
New Balance, Boston-headquartered athletic shoe company, and Berkshire Partners bought Rockport from Adidas for $280M.
Charlesbank is acquiring Rockport's global wholesale assets, e-commerce platform and Asian/European retailer network.
It retains the option to acquire selected US stores. Rockport will seek court approval to shutter those US locations not acquired by Charlesbank or any other entities.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
