All M&A articles – Page 18
-
News briefsVF completes acquisition of Supreme
VF Corp. reports that it has completed its previously announced acquisition of the streetwear brand Supreme® for an aggregate base purchase price of $2.1 billion subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. As a result of the transaction, Supreme has become a wholly-owned subsidiary of ...
-
News briefs
Wintersteiger acquires Norwegian distribution partner
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has decided to acquire Board & Ski Teknikk AS, a Norwegian company that has been its distributor for over 30 years, servicing the Swedish market as well. The move is linked to the retirement of the distribution company’s founder ...
-
ArticleGerman bike company Canyon bought by Belgian Adidas shareholder
Groupe Bruxelles Lambert (GBL), a major Belgian-based investment company, has agreed to take over majority control of Canyon Bicycles, the German bike producer known for its direct-to-consumer approach. Roman Arnold, a former supplier of bike components who founded the brand in 2002, will reinvest a significant part of the proceeds ...
-
ArticleBurton sells Channel Island Surfboards
After purchasing the brand in 2006, Burton Snowboards has now decided to sell the Californian surf brand Channel Islands Surfboards back to a group led by members of the Channel Islands management team. Founded in Santa Barbara in 1969 by Al and Terry Merrick, the company is now headquartered in ...
-
News briefs
Calida makes a formal offer for Lafuma’s remaining shares
The Calida group has published a formal offer to buy all the shares it doesn’t own yet in the Lafuma group, with a squeeze-out provision for the minority shares that are not be tendered. The offer follows the previously reported favorable opinion expressed by Lafuma’s board of directors and the ...
-
News briefsVF Corp. acquires street label Supreme
(SGI) VF Corp. has announced a definitive agreement to acquire Supreme, the iconic American streetwear brand. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of 2020. The deal values the brand at $2.1 billion in terms of enterprise value, based ...
-
News briefsKingswood Capital completes acquisition of MEC
We previously reported that the announcement of the sale of Canada’s largest outdoor chain with 21 doors, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, sparked widespread discussions and even outrage among Co-op members across Canada. This week, Kingswood Capital announced that it has ...
-
News briefsBradshaw Taylor takes over Sherpa Adventure Gear
UK-based outdoor specialist Bradshaw Taylor has acquired the Sherpa Adventure Gear brand, a wholly-owned subsidiary of Innov8 Partners, and its assets. Bradshaw Taylor will take over the global operations. Corry Taylor, the owner of Bradshaw Taylor, will be appointed CEO of Sherpa concurrent with the acquisition. Bradshaw Taylor is a ...
-
ArticleNew owners for 4FRNT
According to an article in SNEWS, the independent U.S. freeride and backcountry ski company 4FRNT has been taken over by a group of private entrepreneurs from former owner Jason Levinthal, who acquired the brand from former founder Matt Sterbenz in 2017. The article was written by Levinthal himself. The new ...
-
News briefs
Maloja acquires 100 percent of producer VioModa
This summer, Maloja Clothing, a German manufacturer of functional cycling, mountain and winter sports apparel, acquired the second half of the holding company VioModa GmbH, located in Dornbirn, Austria, for an undisclosed price. Now owning 100 percent of the company, Maloja is also fully in charge of the VioModa production ...
-
News briefs
Calida plans complete takeover of Lafuma SA
The Swiss Calida Holding has announced its intention to launch a buy-out tender offer followed by a squeeze-out for all outstanding shares of its subsidiary Lafuma SA, which is listed on Euronext in Paris/France. Calida currently holds 93.50 percent of the share capital and voting rights of Lafuma SA. The ...
-
News briefs
CODI is set to buy Boa Technology for $454 million
Compass Diversified (CODI) has entered into a definitive agreement to acquire Boa Technology, which owns the Boa Fit System for shoe fastening. The purchase price of $454 million excludes working capital and other adjustments. The deal is expected to go through in the next 45 days or so, and Boa ...
-
ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, customers had to purchase ...
-
News briefs
Frasteya and Lafreto are merging
Frasteya and Lafreto have announced they are merging, with immediate effect. The new joint company that results from the merger of the two French physical players, specializing in outdoor and board sports, is called 113Outdoor. As reported by sport-guide.com, Frasteya will be the majority shareholder while Lafreto will hold a ...
-
News briefsThe world’s oldest folding boat manufacturer has a new owner
Klepper Faltbootwerft, founded in southern Germany in 1907, was sold to Klepper Lifestyle GmbH, a company of Compass Logistics International based in Hamburg and run by CEO Michael Müller, effective Aug. 1. The acquisition includes all relevant trademark rights with the name Klepper. Details of the sales price were not ...
-
ArticleRossignol to sell Raidlight except for Outdoor Experiences division
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
-
News briefsBollin Group acquires 1000 Mile Sportswear
The Bollin Group Limited has acquired 1000 Mile Sportswear, a 20+ year old British sock manufacturer best known for its double-layer, anti-blister system, and also responsible for the Ultimate Performance and Ultimate Performance Medical brands. The Bollin Group, headquartered in Macclesfield, UK, is a holding company that includes Mountain Equipment, ...
-
News briefs
Woolrich Europe acquires Ranft-Soller’s shares in Woolrich Germany
As part of the repositioning of the Woolrich brand, Ranft-Soller Holding is transferring its shares of Woolrich Germany to Woolrich Europe. Ranft-Soller Holding, founded in 2000, is made up of the Munich-based sales agency Komet und Helden, the Gents Multibrand Store in Munich and Woolrich Germany. Komet und Helden had ...
-
ArticleeVent has a new owner
eVent fabrics, a Missouri-based developer of waterproof apparel, has announced that as of June 30, Performax Pro has assumed full ownership of the brand after acquiring it from Parker Performance Materials for an undisclosed sum. Performax Pro, based in Hong Kong, is a provider of performance fabrics in Asia, the ...
-
News briefs
Garmin acquires Firstbeat Analytics
Firstbeat Analytics, formerly part of Firstbeat Technologies and one of the leading companies in the field of physiological analysis and metrics for consumer electronics in the areas of health, fitness and performance, has been acquired by Garmin. For nearly two decades, Firstbeat has been converting heart rate data into user-specific ...
