Baker McKenzie, Trilegal, Kirkland act on Coats Group's $770 million acquisition of OrthoLite

Coats Group plc has signed a definitive agreement to acquire OrthoLite Holdings LLC for an enterprise value of $770 million.

Baker McKenzie advised Coats Group on this acquisition.

The transaction team was led by London Partner Ash Tiwari, with support from New York Corporate Partners Alan Zoccolillo and Jieun Tak, as well as Matt Bratovich (Associate, NY), and from Niraj Visani, Priya Shah and Jack Bliss, and Trainee Samuel Trevor (Senior Associates, London).

Trilegal advised Coats Group on the Indian legal aspects of the acquisition transaction, including conducting comprehensive legal due diligence on OrthoLite's Indian footprint.

The transaction team was led by was led by Delano Furtado (Partner), with support from Saumya Kakar (Counsel) and Associates Ridhi Shetty, Rhea Almeida, Anoushka Gahilot, and Punit Sanwal.

Parvathy Tharamel (Partner) and Associates Koshy Mathen and Lekha Suki advised on Labour & Employment aspects.

Kirkland & Ellis advised OrthoLite on this transaction.

The transaction team was led by corporate partner Shawn O'Hargan and tax partners Liam Murphy and Vincent Thorn, with support from Francesca Storey-Harris (Partner), Dipak Bhundia (Partner), James Dickson (Partner), Carly Bishop (Associate) and Alan Heisman (Associate).

Coats is a globally leading manufacturer in thread and structural components for apparel and footwear and an innovative pioneer in performance materials.

OrthoLite is a pioneer and global market leader in insole open-cell foam technology, which delivers superior benefits in comfort, performance, and sustainability.

This acquisition accelerates Coats’ growth strategy to create a super tier 2 supplier in footwear materials by bringing together OrthoLite’s patent portfolio (including its biodegradable or fully recyclable Cirql™ midsole technology), global manufacturing footprint, and around 550 brand customers.

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