Latham & Watkins Represents Vuori in US$825 Million Investment Led by General Atlantic and Stripes

Southern Californian performance lifestyle brand Vuori has announced an US$825 million investment led by General Atlantic and Stripes, two leading global growth investors, along with a cohort of additional investors. The investment, structured as a secondary tender offer, raises the brand’s valuation to US$5.5 billion and marks yet another historical moment in the private apparel company’s journey to becoming a category leader.

Latham & Watkins LLP represents Vuori in the transaction with a corporate team led by partners John Giouroukakis and Jana Kovich, with associates Naomi Smith, Erica Kucharski, Galina Vujovic, and Emma Fichtel. The corporate team also included partners Ian Schuman, Stelios Saffos, Brittany Ruiz, and Kristen Grannis, and associate Sandy Kugbei. Advice was also provided on tax matters by partner Andrea Ramezan-Jackson; on benefits and compensation matters by partner Michelle Carpenter, with associate Julie Voorhes; on antitrust matters by partners Mandy Reeves and Patrick English, with associate Ben Bouwman; on data privacy and cybersecurity matters by counsel Robert Brown II, with associate Zac Alpert; on intellectual property matters by partner Ghaith Mahmood, with associate Andrew Abokhair; on employment matters by partner Nineveh Alkhas, with associate Sahar Merchant.