The Firm is representing the lead arrangers in connection with the financing for Michael Kors (USA), Inc.’s announced acquisition of Gianni Versace S.p.A. for a total enterprise value of €1.83 billion.
Michael Kors Holdings Limited is a global fashion luxury group, consisting of iconic brands that are leaders in design, style and craftsmanship. Its brands include women’s and men’s accessories, footwear and ready-to-wear as well as wearable technology, watches, jewelry, eyewear and a full line of fragrance products.
Versace, which was founded in 1978 in Milan, is a leading international fashion design house and a symbol of Italian luxury. It designs, manufactures, distributes and retails fashion and lifestyle products including haute couture, prèt-à-porter, accessories, jewelry, watches, eyewear, fragrances and home furnishings. The Versace group distributes its products through a worldwide distribution network which includes over 200 boutiques in some of the world’s most glamourous cities.
The Simpson Thacher team includes Patrick Ryan and Leah Nudelman (Banking and Credit); Edward Chung (M&A); and Genevieve Dorment (Intellectual Property).