Davis Polk, Latham Lead $2.1B Deal For Apparel Co. Supreme
By Benjamin Horney (November 9, 2020, 11:47 AM EST) -- Davis Polk-advised VF Corp., which owns and manages clothing and footwear brands like North Face and Vans, said Monday that it will buy private equity-backed skateboarding fashion and apparel business Supreme, counseled by Latham & Watkins, for roughly $2.1 billion, including debt.
The deal implies an enterprise value for Supreme of $2.1 billion, according to an investor presentation on the deal released Monday by VF. Supreme's selling shareholders include The Carlyle Group and Goode Partners, according to a press release from the companies. According to VF, the acquisition of Supreme serves to complement its other streetwear brands, such as Vans, Timberland...
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