Paul, Weiss advised global investment firm 3G Capital on its acquisition of Skechers U.S.A., Inc., the world’s third-largest footwear company with $9 billion in annual sales. Under the terms of the agreement, 3G Capital paid $63 per share in cash for all outstanding shares of Skechers, with the option for existing Skechers shareholders to instead receive $57 in cash and one unlisted, non-transferable equity unit in a newly formed, privately held company that became the parent company of Skechers following the transaction’s close. Skechers was delisted from the NYSE as of September 12.

The Paul, Weiss team was led by corporate partners Laura Turano, Dotun Obadina and Scott Barshay, and included partners Bradley Brown, John Kennedy, Patricia Vaz de Almeida, David Marshall, Mohammed Alvi and Andrew Day and counsel Nathan Mitchell; executive compensation partner Jarrett Hoffman; tax partners Jeffrey Samuels and Robert Killip and counsel Alyssa Wolpin; intellectual property partner Claudine Meredith-Goujon; antitrust partners Ross Ferguson, Nicole Kar and Marta Kelly and counsel Chad de Souza; real estate partner Peter Fisch; and environmental partner Stefanie Gitler.