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

Deals

Skadden, Jia Yuan, Freshies, KWM act on Midea’s $3.5 bln HK share offering

by Asian Legal Business《亚洲法律杂志》 |

Skadden, Arps, Slate, Meagher & Flom and Jia Yuan Law Offices are advising Chinese home appliance maker Midea Group on its HK$26.97 billion ($3.46 billion) share offering in Hong Kong, the city's largest listing in more than three years.

Deals

Freshfields, S&C advise on Japan Tobacco’s $2.4 bln Vector take-private deal

by Nimitt Dixit |

Freshfields Bruckhaus Deringer has advised Japan Tobacco (JT) in its $2.4 billion acquisition of Vector Group, the fourth-largest tobacco company in the United States. Sullivan & Cromwell advised Vector on the sale.

Deals

STB, S&C, Freshies act on $8 bln cross-border AC assets deal

by Asian Legal Business《亚洲法律杂志》 |

Sullivan & Cromwell has advised German engineering group Robert Bosch on its $8 billion agreement to acquire the residential ventilation businesses of Johnson Controls and Japanese group Hitachi.