Deal Snapshot
CHARLESBANK TO ACQUIRE ASSETS OF ROCKPORT FOOTWEAR MANUFACTURER
Wednesday 16 May 2018

Boston, US-based private equity firm Charlesbank has entered into an asset purchase agreement to acquire substantially all assets of Boston-based footwear provider Rockport Group, the company said.
To facilitate the sale, Rockport and its US and Canadian subsidiaries filed voluntary petitions under Chapter 11 of the US Bankruptcy Code. Boston Business Journal reported the USD 150m bid from Charlesbank is conditional upon a court proceeding. Charlesbank will serve as the stalking horse bidder in a court-supervised sale process, and the agreement is subject to higher and better offers, among other conditions.


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Details
Date Published: 16/05/2018
Target: Rockport Group
Country: USA
Deal Size: 150m (USD)
Sector: Clothing/Textiles
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: Charlesbank
Comment:


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