Charlesbank shells out $150M for bankrupt shoe business
September 14, 2018
Footwear | Newton, MA | Buyout
Charlesbank Capital Partners has wrapped up a previously announced deal to pay $150 million for most of the assets of shoe manufacturer Rockport, including the company's wholesale business and its retail operations in Europe and Asia. Rockport filed for bankruptcy in May with $287 million in debt, three years after Berkshire Partners and New Balance bought the company from adidas for $280 million.