On March 15, 2021, LionRock completed the acquisition of a majority stake in British heritage shoe brand Clarks for £100 million, enabling Clarks to position the business for future long-term sustainable growth. Founded in 1825, Clarks is a British-based, international shoe manufacturer and retailer. Clarks is a global business operating retail, wholesale, franchise, and online channels with over 1,100 stores, and LionRock seeks to further extend its overseas footprint through this acquisition.

LionRock worked with the management actively, and added value by driving strategic and operational improvement, advising product and providing China business insights. In Jan 2023, LionRock Captial successfully exited its investment in Clarks to its strategic partner Viva Goods Company Limited.