Financing for Michael Kors’ $1.83 Billion Acquisition of Versace

Simpson Thacher is representing JPMorgan Chase Bank, N.A. and Barclays Bank PLC 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 (Picture), Ismael Duran and Leah Nudelman (Banking and Credit); Edward Chung (M&A); and Genevieve Dorment (Intellectual Property).

 

Involved fees earner: Patrick Ryan – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Leah Nudelman – Simpson Thacher & Bartlett; Edward Chung – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Bank; JPMorgan Chase & Co.;