M&A - STEVEN MADDEN, LTD.

Form Type: 8-K

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225007575

Filing Summary: On February 12, 2025, Steven Madden, Ltd. entered into a Purchase Agreement to acquire the entire issued share capital of Mercury Acquisitions Topco Limited, which holds the Kurt Geiger business, for an enterprise value of approximately £289 million. This transaction involves a base purchase price of £202 million, subject to adjustments, and is structured under a 'locked box' arrangement. Conditions for closing include compliance with U.S. antitrust laws and no adverse legal actions. The Purchase Agreement also includes a management warranty deed and customary representations and warranties. Additionally, a commitment letter for debt financing of up to $550 million for the transaction was signed with several banks. The Purchase Agreement will terminate if closing conditions are not met by December 5, 2025.

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Form Type: 8-K

Filing Date: 2025-02-13

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225006235

Filing Summary: On February 13, 2025, Steven Madden, Ltd. announced a significant acquisition involving the entire issued share capital of Mercury Acquisitions Topco Limited, which is the holding company for the Kurt Geiger business. The acquisition agreement includes Steven Madden as a guarantor and establishes a purchase deed involving various entities, including SML UK Holding Ltd. (a wholly-owned subsidiary) and several investors associated with the Fifth Cinven Fund, Bain & Company, Inc., and Squam Lake Investors X LP. This acquisition demonstrates Steven Madden's strategic expansion into the UK luxury footwear market.

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