M&A Deal Summary

Steve Madden Acquires Kurt Geiger

On February 13, 2025, Steve Madden acquired retailer Kurt Geiger from Cinven for 289M GBP

Acquisition Highlights
  • This is Steve Madden’s 1st transaction in the Retail sector.
  • This is Steve Madden’s largest (disclosed) transaction.
  • This is Steve Madden’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-02-13
Target Kurt Geiger
Sector Retail
Buyer(s) Steve Madden
Sellers(s) Cinven
Deal Type Add-on Acquisition
Deal Value 289M GBP
Advisor(s) Addleshaw Goddard (Legal)

Target

Kurt Geiger

London, United Kingdom
Kurt Geiger is a retailer of designer footwear and accessories. Kurt Geiger has a portfolio of attractive brands (including Kurt Geiger London, KG, Miss KG, and Carvela) and operates over 80 stores globally and 240 concessions within some of the world’s most prestigious department stores including Harrods, Selfridges, House of Fraser and Debenhams and partners with leading international brands. Kurt Geiger was founded in 1963 and is based in London, England.

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Buyer(S) 1

Buyer

Steve Madden

Long Island City, New York, United States

Category Company
Founded 1990
Sector Apparel/Textiles
Employees3,500
Revenue 2.3B USD (2024)
DESCRIPTION

Steve Madden is a designer and marketer of the company's trendsetting shoes. Steven Madden was founded in 1990 and is based in Long Island City, New York.


DEAL STATS #
Overall 11 of 11
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 10
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 Almost Famous

New York City, New York, United States

Almost Famous is a designer and marketer of women’s apparel under its own brands. The company distributes its products to wholesale customers, including mass merchants, department stores, off-price retailers, and chain stores within the United States. Almost Famous is based in New York City.

Buy $52M

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 128 of 130
Sector: Retail M&A 6 of 6
Type: Add-on Acquisition M&A Deals 32 of 33
Country: United Kingdom M&A 73 of 73
Year: 2025 M&A 1 of 3
Size (of disclosed) 18 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Nitel

Chicago, Illinois, United States

Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (‘SMEs’). The Company has a portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers. Nitel was founded in 2003 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-01 Smart Communications

London, United Kingdom

Smart Communications is a provider of cloud solution for customer and business communications. Smart Communications was founded in 2004 and is based in London, United Kingdom.

Buy -