A cross-border Linklaters team has advised the banks on the financing of Coats Group’s US$770m acquisition of OrthoLite Holdings LLC, a global market leader of premium insoles.
OrthoLite is a highly complementary addition to Coats due to its customer base, route-to-market, focus on sustainability and global operational footprint, strengthening Coats’ existing footwear business through expansion into the attractive, high-growth premium insole segment.
The acquisition includes Cirql, a newly developed proprietary foam technology launched earlier this year that targets the midsole market with a biodegradable or fully recyclable offering.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.