Birkenstock Announces Pricing of $756 Million Secondary Offering

Birkenstock Holding plc (NYSE: BIRK) has announced the pricing of a $756 million secondary public offering. The offering consists of 14,000,000 ordinary shares priced at $54.00 per share. The shares are being offered by BK LC Lux MidCo S.à r.l. (“MidCo”), affiliated with L Catterton.

The selling shareholder holds sole voting power over 9,880,814 shares and shared voting power with Birkenstock executives over an additional 4,119,186 shares. The company has also granted underwriters a 30-day option to purchase up to 2,100,000 additional shares.

The offering is managed by Goldman Sachs & Co. LLC and J.P. Morgan, with additional bookrunners including BofA Securities and Citigroup. The closing is expected on June 28, 2024, subject to customary conditions. Birkenstock will not receive any proceeds from this offering.