Ted Baker Plc (LSE:TED) entered into an agreement to acquire No Ordinary Shoes Limited and No Ordinary Shoes USA LLC from Pentland Group Plc for £21 million on September 7, 2018. The consideration will be paid as 13 million in cash plus adjustment for net assets of the No Ordinary Shoes Limited and No Ordinary Shoes USA LLC anticipated to be £8 million payable in cash on completion. Pentland currently holds the exclusive global licence from Ted Baker to manufacture and distribute footwear under the Ted Baker brand. Accordingly, following completion of this acquisition, Ted Baker will bring its footwear licence back in-house. The acquisition will be financed by Ted Baker's existing bank facilities and is expected to enhance the earnings of Ted Baker in FY2019/20 and beyond. The aggregated sales of the target companies for the year ended 31 December 2017 totalled £39.8 million. Following completion of the acquisition on 31 December 2018 the target companies will be integrated into Ted Baker's current operations. CMS CAMERON MCKENNA NABARRO OLSWANG LLP acted as legal advisor to No Ordinary Shoes USA LLC and NO ORDINARY SHOES LIMITED. ADDLESHAW GODDARD LLP acted as legal advisor to No Ordinary Shoes USA LLC and NO ORDINARY SHOES LIMITED. Hunton Andrews Kurth LLP acted as legal advisor to Ted Baker Plc. Ted Baker Plc (LSE:TED) completed the acquisition of No Ordinary Shoes Limited and No Ordinary Shoes USA LLC from Pentland Group Plc for £20.3 million on January 1, 2019.