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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.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
