Birkenstock is reportedly exploring a sale to private equity firm CVC that could value the company at more than $4.85 billion including debt, according to Business Insider. Sources say the deal also has attracted interest from Permira and at least one additional private equity firm.
Goldman Sachs has been helping the retailer look at sale options for months, the sources said. Birkenstock has been in talks with CVC during that period, thought there is no confirmation that the companies will definitely reach an agreement.
The latest financials from Birkenstock are for the year to in September 2019, when the company reported $875 million in revenues and a net profit increase of 40% year-over-year. While its 2020 performance has not been reported, searches for Birkenstock online have increased by 225% since the pandemic hit.
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