The 3G Capital investment firm will acquire the Skechers footwear manufacturer for US $ 8.2 billion, The company said in a statement on Monday. The transaction is expected to close in the third quarter of 2025. The Santo Domingo Colombian family could benefit, as it has shares in 3G Capita. The agreement will be financed through a combination of cash provided by 3g capital and debt financing committed by Banco JPMorgan Chase Bank.
The Bank prepares to lead debt financing of about US $ 5,000 million to support the purchase of the Skechers footwear manufacturer by the 3G Capital private capital firm. The sale of debt is expected to begin after the Fallen Day holiday, on May 26.
The US $ 8,200 million patrimonial value reflects a price of US $ 63 per share. Skechers has a market value of approximately US $ 7.4 billion and generated US $ 9,000 million in revenues last year.
The shares of the footwear company rose 25% at 9:06 am in the morning of New York. 28% have dropped so far this year. The shoes brand withdrew its forecasts for the full year in April, claiming the “macroeconomic uncertainty derived from global commercial policies.”
President Trump’s commercial war has affected manufacturing centers such as Vietnam and China, where Skechers manufactures an important part of his footwear. The company is adjusting prices and collaborating with suppliers to mitigate costs.
Skechers will continue under the direction of its executive director, Robert Greenberg. After the agreement, Skechers will become a private company. It is an iconic brand, led by its founder. “We feel an immense admiration for the business that this team has built and we hope to support the next stage of the company,” said 3G.
3G negotiations
3G, the private capital firm based in New York, is reputed to close few operations, but large, and plan to manage its long -term businesses. Founded in 2004, it caused a sensation when Burger King acquired in 2010 and then merger it with Tim Hortons. While 3G was founded by Brazilian billionaires Jorge Paulo Lemann, Marcel Telles and Carlos Sicupira, is now directed by co -director partners Alex Behring and Daniel Schwartz.
The trio remains as main investors, together with the capital contributed by other external partners. The son of Lemann, Marc, and Sicupira are also investors in the manufacturer of Running Sneakers on Holding AG.
In the agreement with Skechers, shareholders are also offered a payment of US $ 57 per cash and a non -transferable capital unit in a newly formed skechers matrix company, according to the statement released by the company. 3G is expected to have 80% of the units in circulation when the transaction between companies is closed.
While his investment in Burger King, now under the company Restaurant Brands International, has generated huge returns during the 15 years after its acquisition, its acquisition of Heinz and Kraft together with Warren Buffett failed to replicate success. 3G left Kraft Heinz a few years ago.
