Skip to main content

Cleary Gottlieb Steen & Hamilton, Ropes & Gray and Freshfields Bruckhaus Deringer have advised Hong Kong-listed Samsonite in its $1.8 billion acquisition of lifestyle accessories brand Tumi Holdings, which turned to Skadden, Arps, Slate, Meagher & Flom.

Samsonite International, world's biggest luggage group, said it planned to expand Tumi's presence in Asia and Europe, while strengthening its business in North America. Samsonite would buy New Jersey-based Tumi Holdings for $26.75 per share in an all-cash transaction.

A Skadden team led by New York partners Thomas Kennedy and David Goldschmidt advised Tumi Inc.

Ropes & Gray finance partner Stefanie Birkmann advised the buyer with Cleary Gottlieb Steen & Hamilton and Freshfields Bruckhaus Deringer also advising Samsonite on the acquisition.

Related Articles

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.