Linklaters advises the banks on the financing of JD Sports’ $1.1bn acquisition of Hibbett

Linklaters has advised the banks on the financing of JD Sports Fashion Plc’s $1.1bn acquisition of Nasdaq-listed Hibbett, Inc., a leading sports fashion-inspired retailer.

The acquisition represents an important strategic milestone for JD Sports, accelerating its growth plans in North America and aligning with its stated strategy of enhancing its presence in the world's biggest and most attractive sportswear market.

The deal is expected to be completed in the second half of 2024, pending regulatory approval. The Linklaters deal team was led out of London by partner and Co-Head of Corporate and Structured Lending Toby Grimstone and Banking managing associate Atish Shah, alongside associate Ifeanyi Chukwulobelu.

The team was supported by Banking, Corporate and Tax teams in the firm’s New York office.

Linklaters’ Corporate and Structured Lending practice is at the forefront of key developments and recent trends in the loan markets. The team is rated top tier across various legal directories, working closely with the firm’s global network to advise on some of the largest, most complex and innovative deals in the market.