3G Capital completed the acquisition of Skeckers, taking the US footwear company private for $9.4 billion.
Skechers will continue to be led by its executive management team, including Chief Executive Officer, and founder, Robert Greenberg and President Michael Greenberg. The deal, which was announced in spring, paid shareholders $63 per share in cash, or they could opt to take $57 per share plus equity in the new holding company.
Founded in 1992 in Southern California, Skechers is a Fortune 500 company, offers its products in over 180 countries and is the third largest sneaker brand in the world. It went public at the New York Stock Exchange in 1999 for $11 a share.
3G Capital, established in 2004, is a global investment firm recognized for its acquisitions and restructuring of large consumer brands.
