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.