3G Capital Acquires Skechers in $9.4B Private Equity Deal
Last updated on May 8th, 2025 at 06:41 am
Footwear giant Skechers has agreed to a $9.4 billion acquisition deal with investment firm 3G Capital, as announced Monday. The all-cash offer values Skechers shares at $63 each, representing a substantial 28% premium over Friday’s closing price.
Skechers agrees to be acquired by investment firm 3G Capital in a deal worth $9.4 billion, which will see the shoemaker go private.
— Yahoo Finance (@YahooFinance) May 5, 2025
The transaction is expected to close in the third quarter of the year. pic.twitter.com/eNIrCpRcH9
The agreement happens during difficult market circumstances for the well-known footwear supplier that removed its yearly financial guidance. The current administration’s aggressive trade policies including the 145% tariff on Chinese imports became a main reason for Skechers’ deal. These tariffs severely affected the company’s operational supply chain.
The purchase emerged as a new strategic move for investment firm 3G Capital under billionaire Jorge Paulo Lemann because 3G Capital traditionally invested in food and beverage companies through Kraft Heinz.The announcement of the acquisition led to Skechers stock price increasing by nearly 26% during premarket trading times. JPMorgan Chase provides debt financing as 3G Capital performs the cash acquisition that should finalize during Q3 2025.
