The Private Equity team advised The Rockport Group, a portfolio company of Charlesbank Capital Partners, LLC (Charlesbank), on its definitive agreement to acquire the Reef® brand from VF Corporation. Reef will operate as an independent global brand under The Rockport Group, and will maintain its Carlsbad, California, headquarters. The transaction, which is expected to close in October 2018, is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.
The Rockport Group is home to the Rockport, Aravon, and Dunham brands. With its diverse assortment of men's and women's footwear, products from The Rockport Group can be found in various retail channels in more than 50 countries worldwide.
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $5 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings and also engages in opportunistic credit investments.
The Goodwin team was led by partners Jon Herzog and Joseph Bernardi and included partners Fred Lim, Jason Vollbracht and James Mattus; counsel Melissa Schwab Wright, Christina Queiros Bouchot and Ai Tajima; and associates Annie Cataldo, Maria Gaitan and Joseph Tuck.
For additional details on the acquisition, please read the press release.