Catterton mulls IPO for Birkenstock at more than $6 billion valuation

L Catterton, a private equity firm backed by LVMH, is considering strategic options for Birkenstock including an initial public offering, which could value the German sandal maker at more than $6 billion, Bloomberg News reported on Thursday.

L Catterton is working with advisers that include Goldman Sachs and JPMorgan on a potential U.S. listing that could happen this year or the next, the report said, citing people familiar with the matter.

The Bloomberg report added that discussions are ongoing, and L Catterton could also decide against the deal.


Greenwich, Connecticut-headquartered L Catterton declined to comment, while LVMH and Birkenstock did not immediately respond to Reuters requests for comment.

Birkenstock sold a majority stake to L Catterton in 2021 and the transaction at the time valued the company at about 4 billion euros ($4.35 billion).

Financiere Agache, the family office of French billionaire and LVMH boss Bernard Arnault, also participated in the purchase of the German sandals maker alongside L Catterton.

In July 2021, Reuters reported that L Catterton held discussions with investment banks to evaluate potential options, including an initial public offering or a SPAC merger.