New York -- Private equity firm Apax Partners said Friday that it will acquire Cole Haan from Nike for $570 million in cash.
Cole Haan sells through 108 domestic stores, 68 international stores, online and through department stores. It has been a part of Nike since 1988.
To effect the acquisition, Apax is partnering with Jack Boys, who led the revitalization of Converse.
The transaction is expected to close in early 2013.