Berkshire Partners Invests in Masai Group International.Global Provider of MBT MBT Minimum (Spark Advance For) Best Torque MBT Masai Barefoot Technology MBT Main Battle Tank MBT Mechanical Biological Treatment (waste treatment) MBT Mercaptobenzothiazole MBT Master of Business Taxation Physiological Footwear BOSTON & ROMANSHORN, Switzerland -- Berkshire Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Boston-based private equity firm, today announced that they have made an investment in Masai Group International to help accelerate and support the next phase of the Company's growth. Masai Group International distributes shoes under the Masai Barefoot Technology ("MBT") brand. MBT is the leading global provider of physiological footwear. Current shareholders Klaus Heidegger, a former world-class skier and past owner of Kiehl's, and Hermann Oberschneider, a successful Austrian sports and tourism entrepreneur, have retained a majority stake in MBT. Led by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Norbert Kraihamer and headquartered in Romanshorn, Switzerland, MBT designs athletic, casual and professional shoes and sandals that provide fitness and orthopedic benefits. MBT physiological footwear positively impacts the entire body and offers tangible benefits to health-conscious customers who are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. improved posture and increased muscle activity during normal day-to-day wear as well as customers who suffer from back pain and muscle and joint problems. Initially developed for orthopedic applications by Swiss engineer Karl Muller, MBT's shape and structure, with the elliptical el·lip·tic or el·lip·ti·cal adj. 1. Of, relating to, or having the shape of an ellipse. 2. Containing or characterized by ellipsis. 3. a. section or "Masai Sensor" underneath the heel, creates a natural instability underfoot that stimulates and exercises the body's supporting muscle system. Benefits of wearing MBTs include reduced impact on joints, better posture, increased caloric caloric /ca·lo·ric/ (kah-lor´ik) pertaining to heat or to calories. ca·lor·ic adj. 1. Of or relating to calories. 2. Of or relating to heat. burn and muscle toning due to increased buttock but·tock n. 1. Either of the two rounded prominences on the human torso that are posterior to the hips and formed by the gluteal muscles and underlying structures. 2. buttocks The rear pelvic area of the human body. , thigh and abdominal muscle abdominal muscle Any of the muscles of the front and side walls of the abdominal cavity. Three flat layers—the external oblique, internal oblique, and transverse abdominis muscles—extend from each side of the spine between the lower ribs and the hipbone. activity, as well as a significant decrease of stress and pressure on the hip and knee joints. The product is available in over 20 countries including Germany, the U.K. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "In an increasingly health conscious world, MBT's differentiated product offers unique health and fitness benefits to an extremely broad audience," said Michael Ascione, Managing Director for Berkshire Partners. "We believe there is tremendous opportunity to increase brand awareness and further expand the product line worldwide. We are thrilled to be partners with Mr. Heidegger, Mr. Oberschneider and Mr. Kraihamer in growing this exciting brand." "MBT has tremendous potential and is already the leader in the new category of physiological footwear. Berkshire Partners' experience, knowledge and resources in the consumer product and retail sectors will contribute to the achievement of our long term growth strategies," said Norbert Kraihamer. "We are excited and look forward to working closely with Berkshire Partners." Prior to joining MBT, Kraihamer was a board member and Marketing and Sales Director for Red Bull. During his 11 year tenure there, Kraihamer led the international roll-out of Red Bull from two to 126 countries worldwide. William Blair & Company acted as the Company's financial advisor in the transaction. Weil, Gotshal & Manges LLP LLP - Lower Layer Protocol was legal counsel to Berkshire Partners while Baker & McKenzie provided legal counsel to the Company. About Masai Group International Masai Group International is the leading global provider of physiological footwear: footwear that has a positive effect on the entire body. Masai Group International markets and distributes shoes to over 20 countries under the Masai Barefoot Technology ("MBT") brand. Since the Company's founding in 1998, MBT has sold more than 4.5 million pairs worldwide. MBT is based in Romanshorn, Switzerland. For additional information, visit www.swissmasai.com. About Berkshire Partners Berkshire Partners has invested in mid-sized private companies for more than 20 years through seven investment funds with aggregate capital commitments of approximately $6.5 billion. Berkshire seeks companies with acquisition values between $200 million and $2.0 billion and in a given transaction makes equity investments of approximately $50 million to $500 million. Berkshire has developed specific industry experience in several areas, including consumer products, retailing, business services, transportation, energy, manufacturing and communications. Berkshire's consumer and retail investments include Aritzia, Bare Escentuals, Carter's, Citizens of Humanity Citizens of Humanity is a designer denim manufacturer based in Huntington Park, California, that was founded by the makers of 7 For All Mankind. A portion of all [Citizens of Humanity] sales are donated to Conservation International [Citizens of Humanity at Jeans.com [1]]. , Party City and Waterworks waterworks: see water supply. . The firm's transactions have included acquisitions, growth equity investments, and turnarounds in both the U.S. and abroad. Over the past two decades, Berkshire has been an investor in 90 operating companies with more than $19 billion of acquisition value and combined revenues in excess of $21 billion. For additional information, visit www.berkshirepartners.com. |
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