German capital markets team advises retailer of consumer electronics on issuance of sustainability-linked senior notes. ENENGLISH DEGERMAN Share on linkedin Share on facebook Share on twitter Share on email Latham & Watkins has advised Ceconomy AG (Ceconomy), which, together with its subsidiary MediaMarktSaturn Retail Group, is one of Europe’s leading omnichannel platforms for consumer electronics, on the issuance of €500 million 6.250% sustainability-linked senior notes due 2029. The Latham capital markets team was led by Frankfurt partner Alexander Lentz, with Frankfurt counsel Gregory Walker and associates Isabel Willius and Laura Neumann.

Birkenstock Holding plc (BIRKENSTOCK or we, NYSE: BIRK) has announced the pricing of an underwritten secondary public offering of 14,000,000 of its ordinary shares (the Ordinary Shares) by BK LC Lux MidCo S.à r.l. (MidCo), an entity affiliated with L Catterton (the Selling Shareholder), at a price to the public of US$54.00 per share. The Selling Shareholder has sole voting and dispositive power over 9,880,814 shares offered, and the Selling Shareholder and the executive officers and certain other employees of the BIRKENSTOCK Group have shared voting and dispositive power over 4,119,186 shares offered. In connection with the offering, the Selling Shareholder has granted the underwriters a 30-day option to purchase up to 2,100,000 additional Ordinary Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the Ordinary Shares by the Selling Shareholder. The closing of the offering is expected to occur on June 28, 2024, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associates Matt DeSilva, Katie Byun, and Emma Gilmore. Advice was also provided on tax matters by partner Jiyeon Lee-Lim, with associate Farrah Yan.