Clearwater International acted as sole financial adviser to S.I. Finance S.A., a 100% subsidiary of SUEZ S.A., Paris, on the sale of Manufacture des Chaussures GBB – Etablissements Georges Biotteau et Compagnie SA to Shoe & Shirt Beteiligungs GmbH.
Founded in 1946, GBB, located in Beaupréau, France, designs, manufactures and markets children’s footwear in the mid-to-upper price-range, under its own brand name GBB and also under licence for other renowned brands. GBB employs 260 staff and generated sales of approximately €17m in 2003.
Clearwater International, led by partner Dierk Rottmann, advised SUEZ.