In a released statement, Converse says that the company and its creditors are currently reviewing the purchase. It would include Converse's trademarks, intellectual property and other assets for which Footwear is offering $117.5 million in cash.
Marsden Cason, William Simon and Perseus Acquisition/ Recapitilization Fund LLC lead Footwear. Most recently, it revitalized The North Face Inc., taking it public in 1996. Perseus Acquisition/Recapitalization Fund LLC is a private equity fund formed to back management teams and make investments in leveraged acquisitions and recapitalizations of operating companies. An affiliate of Perseus LLC, a private equity firm with offices in New York, NY and Washington, DC, manage it.
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