Steve Madden agrees to buy Kurt Geiger in deal valued at about £289 million
Steve Madden signed a purchase agreement on February 12, 2025, to acquire the Kurt Geiger business through its UK subsidiary, at an enterprise value of about £289 million and a net equity value of £202.0 million at closing. The company also obtained debt commitments of up to $550 million from Citizens Bank, JPMorgan Chase and Citibank to help fund the deal, which remains subject to closing conditions including U.S. antitrust clearance.
Key points
- Enterprise value of about £289 million; net equity value of £202.0 million at closing under a locked box arrangement
- Debt commitments of up to $550 million: a $300 million term loan and a $250 million revolving credit facility
- Closing requires expiration or termination of Hart-Scott-Rodino waiting periods; the agreement terminates automatically if conditions are not met by December 5, 2025
- Steve Madden guarantees the UK purchaser's obligations under the agreement
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.