Squire Sanders Advises United Capital Partners (UCP) on Minority Stake Acquisition in Leading Footwear Retailer

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    Global legal practice Squire, Sanders & Dempsey represented leading asset management firm United Capital Partners (UCP) in its acquisition of a 36-percent stake in Monarch Group, an international company that is a footwear favorite in Russia and Ukraine. The deal was completed in late December. Terms were not revealed.

    “We are very pleased to assist our client UCP in this key stake acquisition,” said Squire Sanders partner Christopher A. Rose, who led the deal team. “UCP has a well-defined investment strategy centered on opportunities in small and medium-sized businesses with strong growth potential. Monarch’s steady expansion in the mid-market footwear sector made it an ideal fit for UCP.”

    Financing provided by UCP will support its expansion of Russia and bolster Monarch’s leading position in Ukraine. Monarch’s current retail offerings include five private labels; the company also partners with high-profile footwear brands such as Steve Madden, Naturalizer and Northland.

    Kyiv-based partner Peter Z. Teluk and senior associate Guido Panzera, who is based in Squire Sanders’ Bratislava office, joined Rose in advising UCP.

    Drez Jennings
    Media Relations Manager
    Squire, Sanders & Dempsey (US) LLP

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