Shearman & Sterling advised Electra Partners on its £85 million ($139.54 million) acquisition of Hotter Shoes from Gresham.

Established in 1959, Hotter is a leading UK shoe designer, manufacturer and retailer. Headquartered in Lancashire, Hotter sells over two million pairs of shoes each year in the UK and internationally.

Electra Partners is an independent private equity fund manager with over 25 years' experience in the mid-market. During the last 25 years, it has invested more than £3 billion in over 150 deals. As of September 30, 2013, the firm had funds under management of over £1.5 billion, including available investment capacity of more than £450 million.

The Team