Rothy's Enters Strategic Investment Agreement With Alpargatas

Investment will fuel Rothy’s global growth and expand vertically integrated operations

San Francisco – December 29, 2021 – Cooley advised sustainable lifestyle brand Rothy’s in connection with its strategic investment from Brazilian footwear brand Alpargatas to fuel global growth and expand vertically integrated operations. The transaction will result in a post-investment valuation of $1 billion. Lawyers Jodie Bourdet, Al Browne, Lindsy Solanki, Farzad Tabaee and Meera Patel led the Cooley team advising Rothy’s.

Under the terms of the agreement, Alpargatas will acquire 49.9% of Rothy’s in a two-step transaction, which will include an investment of $200 million in primary capital followed by an offering to acquire approximately $275 million worth of Rothy’s shares from current stockholders.

Rothy’s takes a whole-brand approach to sustainability in manufacturing, transforming recycled materials into beautiful shoes, handbags and accessories. With a vertically integrated supply chain, the company minimizes waste by knitting each product to shape in its wholly owned factory in Dongguan, China. Since launching in 2016, Rothy’s has transformed more than 100 million single-use plastic water bottles and kept 275,000 pounds of plastic out of waterways.

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Related Contacts
Jodie Bourdet  Partner San Francisco
Alfred Browne  Partner Boston
Lindsy Solanki  Associate Palo Alto
Farzad Tabaee  Associate San Francisco
Meera Patel  Associate San Francisco
Ron Metzger  Paralegal Specialist San Francisco
Kristin O'Hanlon  Special Counsel San Francisco
Sharon Connaughton  Special Counsel Washington, DC
Megan Browdie  Partner Washington, DC
Christopher Kimball  Partner Washington, DC
Stacey A. Bradford  Special Counsel Washington, DC
Erica Russell  Associate San Francisco
Tara Capsuto  Associate San Francisco
Nicollette R. Moser  Associate Washington, DC
Sarah Oliai  Associate Washington, DC
Madeleine Smith  Associate San Francisco
Addison Pierce  Associate Chicago