Latham & Watkins Advises on Birkenstock’s US$941.2 Million Secondary Offering and Concurrent Share Repurchase

Birkenstock Holding plc has announced the pricing of an underwritten secondary public offering of 17,927,344 of BIRKENSTOCK’s ordinary shares (the Ordinary Shares) to be sold 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$52.50 per share. 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 May 30, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associates Matt DeSilva, Gabriella Tang, and Amanda Farrish.