All M&A articles – Page 15
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ArticleOutdoor-Profis becomes wholly owned Sport 2000 subsidiary
Outdoor-Profis GmbH, the umbrella company for the outdoor specialty retailers that are part of the Sport 2000 sporting goods buying group, has become a wholly-owned subsidiary of the Sport 2000 GmbH group. Acquisition details were not disclosed. Previously, Sport 2000 held an unspecified minority stake in Outdoor-Profis. With the acquisition ...
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News briefsVF sells its Work segment, except Dickies and Timberland Pro
After announcing in April that it had reached a definitive agreement to sell this business unit, VF Corp. announced that it has completed the divestiture of the workwear portion of its Work segment to an affiliate of Baltimore-based Redwood Capital Investments, LLC, a diversified holding company. The transaction includes the ...
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ArticleCalida Group to sell Millet Mountain Group
Following the successful divestments of Oxbow and Eider, the Swiss Calida Group now intends to continue its strategic focus and concentrate on its core lingerie and underwear business with a sharpened brand portfolio by selling off the rest of its outdoor brands. Recent business developments have illustrated, the company said, ...
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News briefs
Superfeet acquired by private equity firm
Seattle-based private equity firm Westward Partners has acquired Superfeet, an insole manufacturer founded in 1977 and based in Ferndale, Washington, about 160 km north of Seattle. Terms of the transaction were not disclosed. Westward will take over majority ownership of the company from its workers since it was owned by ...
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Articlebd-capital invests in shopping club SportPursuit
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a London-based, pan-European, operationally managed private equity firm established in 2019. According to a company statement, bd-capital’s investment, which was not disclosed in a detailed manner, ...
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News briefsPelican International acquires Advanced Elements
Pelican International Inc. of Québec, Canada, a paddle sports manufacturing group that includes brands such as Pelican, Wilderness Systems, Perception, Dagger, Mad River Canoe, Harmony Gear and Boardworks, has acquired California-based inflatable watercraft pioneer Advanced Elements Inc. through its wholly-owned subsidiary Confluence Outdoors Inc. Details of the transaction were not ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
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News briefsAbus Group acquires Italian helmet manufacturer
German preventive safety expert August Bremicker Söhne KG (aka Abus Group) has agreed to acquire Italian helmet manufacturer Maxi Studio. The plan is to fully integrate the manufacturer into the group of companies. No details were given about the sales price. Source: ABUS Made by Maxi Studio: Movistar ...
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News briefs
ATK is now controlled by Progressio, but the Indultis will continue to run operations
Progressio has acquired a majority stake in ATK Sports via its private equity Progressio Investimenti III. The Indulti family, which founded ATK in 2007, will maintain a minority stake and will continue to run operations. ATK specializes in ski bindings. The entire production process, from design to product delivery, is ...
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ArticleClarus to acquire Australian roof rack manufacturer Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond, Sierra Bullets and Pieps, among others, reports that it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of roof racks, mounting systems, luggage boxes, carriers and other automotive accessories, for a total purchase ...
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News briefsDometic continues its buying spree
The newest member of the Scandinavian Outdoor Group (SOG), Dometic, continues to acquire companies: Only one week after announcing the takeover of Front Runner from South Africa, the Swedes have now completed the purchase of Zamp Solar, a North American manufacturer of innovative and high-quality mobile solar power solutions for ...
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News briefsMair acquires partner brand Bike Machinery
Robotic industrial machinery supplier Mair Srl and Bike Machinery Srl, known in the bicycle industry for its expertise in tubing processing, are taking their partnership in bicycle production machinery and service (including maintenance) to the next level. Mair will gradually take over the Bike Machinery brand until the end of ...
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News briefsDometic acquires Front Runner
Dometic’s buying spree continues unabated: After Valterra in April and Enerdrive in May, the Swedish brand headquartered in Stockholm has now reached an agreement to acquire Front Runner Vehicle Outfitters, a provider of roof racks, cargo carriers, storage solutions and off-road accessories from South Africa that is particularly popular with ...
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ArticleFrench investor takes over Swiss e-bike pioneer Stromer
European private equity firm Naxicap Partners has reached an agreement to acquire Swiss premium e-bike pioneer Stromer (bikes up to 45 km/h). Details of the transaction were not disclosed. However, it is still subject to approval by the responsible regulatory authorities. Source: MyStromer AG Stromer’s brand-new premium model ...
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News briefsDometic acquires Enerdrive
SOG member Dometic Group AB just announced the acquisition of Enerdrive, an Australian-based provider of mobile power products for the outdoor market, including solar power solutions, batteries and battery chargers. The acquisition of Enerdrive broadens Dometic’s offering and distribution network in the Pacific region and also increases the Swedish company’s ...
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News briefsFood industry group Heristo acquires Möve Bikes
Germany’s Heristo Holding, a family-owned food industry group, is acquiring bicycle manufacturer Möve Bikes, which went bankrupt on Feb. 5. Together they want to ensure that one of the oldest German bicycle brands with innovative technologies enjoys a secure future. Heristo’s commitment also ensures that jobs at the Möve site ...
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News briefs
HeiQ acquires German materials innovator RAS
Swiss ingredients brand HeiQ, known for its antiviral textile technology HeiQ Viroblock, is strengthening its antimicrobial ingredients technology platform and expanding its product portfolio to include coating technologies through the acquisition of materials innovation company RAS AG, based in Regensburg, Germany. RAS develops and manufactures highly functionalized materials, including antimicrobial, ...
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ArticleWise Equity acquires one-third stake in Selle Royal Group
In late 2019, Italian bicycle accessories and parts manufacturer Selle Royal S.p.A. (a.k.a. Selle Royal Group with brands Brooks, Crankbrothers, Fizik, Pedaled, Selle Royal) had officially announced its search for a financial partner to accelerate its growth trajectory. On May 14, Milan-based venture capital and private equity fund company Wise ...
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ArticleAuthentic Brands Group and SPARC to acquire Eddie Bauer
Authentic Brands Group (ABG), a New York City-based global brand owner, marketing and entertainment group, and SPARC Group, a global full-service retail operator, today announced a definitive agreement to acquire U.S. outdoor lifestyle brand Eddie Bauer from PSEB Group, an operating company owned by private equity investment firm Golden Gate ...
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News briefsGCI Outdoor sold to MacNeill Pride Group
Tennessee-based MacNeill Pride Group, a portfolio company of middle-market private equity firm Centre Partners from New York and a manufacturer of outdoor products and sporting goods under the ORCA, PrideSports, Champ, Pride Golf Tee and Professional Tee System brands, has acquired Connecticut-based GCI Outdoor (GCI). Terms of the transaction were ...
