Latham & Watkins is guiding Skechers USA Inc. in its plan to go private through a sale to 3G Capital for $9.4 billion.
Paul Weiss, Rifkind, Wharton & Garrison is assisting 3G.
The deal is expected to close in the third quarter and will be financed by cash provided by 3G Capital and debt financing committed by JPMorgan Chase & Co. Kirkland & Ellis served as financing legal adviser to 3G Capital. Sullivan & Cromwell guided Greenhill as financial adviser to Skechers.
Latham partners Steven Stokdyk, Josh Dubofsky and Andrew Clark are leading the corporate deal team.
Paul Weiss team partners Laura C. Turano, Dotun Obadina and chair of the firm’s corporate department Scott A. Barshay are leading that firm’s work. Paul Weiss has guided 3G Capital on previous transactions, including on selling shares in secondary offerings.
Paul Weiss added Brad Brown, former general counsel of 3G, as a partner in its private funds group in 2023.
Lawyers on the deal for S&C include global head of the firm’s M&A group Melissa Sawyer and partner Lee C. Parnes.
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