The Finish Line, JD Sports Fashion Announce Completion Of Merger

INDIANAPOLIS — June 18, 2018 — The Finish Line Inc. and JD Sports Fashion Plc announced today that they have completed their merger. As a result of the merger, Finish Line has become an indirect wholly-owned subsidiary of JD Sports, which is the leading European retailer of sports, fashion and outdoor brands, thereby creating a market-leading multi-channel, multi-branded retailer of sports fashion and footwear with expanded global scope.

“We are delighted to announce that we have today completed the acquisition of Finish Line,” said Peter Cowgill, executive chairman of JD Sports. “This marks a momentous step in JD Sports’ global expansion and represents an exciting opportunity to bring our market leading, multi-brand retail proposition to the world’s largest athleisure market, both online and in stores. Our team will now collaborate with the experienced Finish Line management team and the key global brands to bring best in class retail theatre and multi-channel consumer experience to the US.”

Sam Sato, CEO of Finish Line, added: “Today, with the closing of this merger with JD Sports, Finish Line opens an exciting new chapter. With a global footprint, together we will bring leading-edge innovation and service to our customers. Our shared vision and drive to provide a premium retail experience will further our impact as a leading, premium multi-channel retailer of sports, fashion and outdoor brands.”

Barnes & Thornburg LLP served as legal counsel to Finish Line. PJ SOLOMON served as lead financial advisor, Houlihan Lokey Capital, Inc. served as financial advisor and Faegre Baker Daniels LLP served as legal counsel to Finish Line’s Special Committee of the Board of Directors in connection with this transaction.

Barclays served as lead financial advisor to JD Sports and Hughes Hubbard & Reed LLC, Addleshaw Goddard LLC and Taft Stettinius & Hollister LLP served as legal counsel to JD Sports. Barclays, HSBC Bank and PNC Bank, National Association provided financing to JD Sports for the transaction.

Posted June 19, 2018

Source: The Finish Line, Inc.