Apax Funds to Acquire Cole Haan

                       Apax Funds to Acquire Cole Haan

- Partners with Jack Boys, who led Converse's transformation into a global
lifestyle brand

- Plans to accelerate growth in the US and internationally

- Builds on successful Apax track record in international footwear, apparel
and accessories

PR Newswire

NEW YORK and LONDON, Nov. 16, 2012

NEW YORK and LONDON, Nov. 16, 2012 /PRNewswire/ -- Funds advised by Apax
Partners ("Apax"), a global private equity firm, today announced that they
have entered into a definitive agreement to acquire Cole Haan LLC, a leading
designer and retailer of premium footwear and related accessories, from NIKE,
Inc. for $570 million in cash. The transaction is expected to close in early

Cole Haan, headquartered in New York, is an iconic American designer and
retailer of premium men's and women's footwear, apparel and accessories.
Founded in 1928, Cole Haan's brand represents craftsmanship, style and
innovation. The Company sells through leading department stores, 108 domestic
Cole Haan stores, 68 international stores across Canada, China and Japan and
its online site www.colehaan.com. Cole Haan has been a wholly-owned affiliate
brand of NIKE since 1988.

Apax is partnering with Jack Boys, who led the revitalization of Converse into
a fast-growing global lifestyle brand. During his tenure as CEO, Converse
achieved significant growth in sales from $150 million to over $1 billion.

Alex Pellegrini, a Partner in Apax's Retail & Consumer team, said, "We are
excited to partner with Jack to grow the Cole Haan brand in the U.S. and
internationally. Cole Haan is an iconic brand with broad consumer appeal and
we believe the brand has even greater opportunities in the future. We look
forward to investing in the Company to achieve this growth."

"The decision to divest of Cole Haan allows us to sharpen our focus on
opportunities with the highest potential for strong returns, and to make sure
the brands within the NIKE, Inc. portfolio are the most complementary to the
NIKE Brand," said NIKE, Inc. President & CEO Mark Parker.

Apax has extensive experience in fashion apparel, footwear and accessories
through current and previous investments including Tommy Hilfiger Corporation,
an apparel retail company and one of the world's leading lifestyle brands,
which was acquired by PVH Corp. Apax also partnered with PVH in the company's
successful acquisition of Calvin Klein. The firm's Retail & Consumer team
oversees current investments including rue21, Inc., a leading a leading
specialty apparel retailer, and Advantage Sales & Marketing, the premier
outsourced sales and marketing services to consumer packaged goods companies
and retailers in North America. Internationally, funds advised by the firm are
currently invested in New Look, a UK-based value fashion retailer and Takko, a
value apparel retailer operating in Germany, Central Europe and Russia. Prior
Apax investments also include Tommy Bahama, Dollar Tree Stores and The
Children's Place.

Jefferies & Company, Inc. acted as financial advisor and provided financing to
Apax. Kirkland & Ellis LLP provided legal advice and Ernst & Young provided
accounting and tax advice.

Notes to editors

About Apax Partners
Apax Partners is one of the world's leading private equity investment groups.
It operates globally and has more than 30 years of investing experience.
Funds under the advice of Apax Partners total over $35 billion around the
world. These Funds provide long-term equity financing to build and strengthen
world-class companies. Apax Partners Funds invest in companies across its
global sectors of Tech & Telecom, Retail & Consumer, Media, Healthcare and
Financial & Business Services.

About NIKE, Inc.
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer,
marketer and distributor of authentic athletic footwear, apparel, equipment
and accessories for a wide variety of sports and fitness activities.
Wholly-owned NIKE subsidiaries include Converse Inc., which designs, markets
and distributes athletic footwear, apparel and accessories and Hurley
International LLC, which designs, markets and distributes action sports and
youth lifestyle footwear, apparel and accessories; For more information, visit
www.nikeinc.com and follow @Nike.

For further information, please contact:

Apax Partners

Ben Harding / Georgiana Brunner
Tel: +44 (0)20 7872 6401 / 6429
Email: communications@apax.com

US enquiries
Kekst and Company
Todd Fogarty
Tel: +1212 521 4854
Email: todd-fogarty@kekst.com

NIKE, Inc.
Mary Remuzzi
Tel: +1 (503) 532 8767

Apax Partners LLP, 33 Jermyn Street, London SW1Y 6DN. Tel: +44 (0)20 7872
6300. www.apax.com

A limited liability partnership. Registered in England No OC303117. Registered
office as above.

SOURCE Apax Partners

Website: http://www.apax.com
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