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Gladstone Place Partners represents Skechers as the slip-on footwear/apparel marketer agrees to be acquired by the investment firm 3G Capital for $9.4B.
Robert Greenberg, Skechers CEO, said he partnered with 3G “given their remarkable history of facilitating the success of some of the most iconic global consumer businesses.”
3G teamed with Berkshire-Hathaway in 2025 to acquire Kraft Foods for $40B in 2015, and then merged it with Heinz.
Its investment portfolio includes AB InBev (Anheuser-Busch), Restaurants Brands International (Burger King, Popeyes, Tim Hortons, Firehouse Subs) and Hunter Douglas (window treatments).
“Skechers is an iconic, founder-led brand with a track record of creativity and innovation” and we look forward to supporting its next chapter, said 3G co-founder Alex Behring, and co-managing partner Daniel Schwarz.
Gladstone Place Partners has Steve Lipin and Felipe Ucrós handling Skechers, which earned $202M on $2.4B revenues during Q1.
The Manhattan Beach (CA)-based company bills itself as the world’s No. 3 footwear company.
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.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
