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News Jan 21, 2014

Shearman & Sterling Advises Electra Partners on Its £85 Million Acquisition of Hotter Shoes

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 Shearman & Sterling team advising on the transaction was led by partner Simon Burrows (both London-M&A). They were supported by counsel Sam Whitaker (London-Compensation, Governance & ERISA) and associates Richard Porter, Karen McCormack and Milan Thakker (all London-M&A).