 |
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.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
