All M&A articles – Page 6
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News briefsParlee Cycles changes owner
Source: Parlee Composites John Harrison, new owner of Parlee Massachusetts-based company Parlee Cycles has been acquired by avid cyclist and independent investor John Harrison, effective Oct. 1, 2023. The acquisition of the brand and 100 percent of Parlee Cycles’ assets signals the end of their restructuring process ...
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News briefsClarus retains financial advisor for possible sale of Precision Sport segment
In response to the non-binding expression of interest by Warren B. Kanders, Clarus Corp.’s Executive Chairman, to acquire the company’s Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries, the special committee of Salt Lake City, Utah-based Clarus’s Board of Directors hired Houlihan Lokey as the special ...
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News briefsEdelrid expanding in Europe
With the acquisition of the Slovakian rope manufacturer Žilmont s.r.o., German climbing specialist Edelrid is expanding its production capacities in Central and Eastern Europe. Since Oct. 1, 2023, the Slovakian rope manufacturer belongs to the Edelrid Group and operates under the name Edelrid Slovakia s.r.o. In addition to Edelrid North ...
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News briefsNew Cycle becomes shareholder and partner in Freebike
Oldenburg, Germany-based New Cycle GmbH (formerly Cycle Union) has joined Dutch e-bike provider Freebike B.V., based in Rosmalen, as a minority shareholder. Details of the acquisition, what minority stake New Cycle is now holding in Freebike and what was paid for it were not disclosed. With New Cycle, the Freebike ...
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ArticleR Raymon and Pierer New Mobility part ways
Source: R Raymon Susanne and Felix Puello The first rumors of a separation surfaced when the R Raymon bicycle brand, founded by German bicycle industrialist couple Susanne and Felix Puello, was not featured at this year’s Pierer New Mobility booth at Eurobike in Frankfurt. Now Pierer New ...
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News briefsBid entered for Clarus’ Precision Sport segment
Clarus has received from its own executive chairman a “non-binding indication of interest” to acquire for about $160 million the Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries. Warren B. Kanders filed his statement of beneficial ownership with the U.S. Securities and Exchange Commission (SEC) on ...
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ArticleTrade show organizer Raccoon Media acquired by investment company
Cuil Bay Capital, a new U.K.-based investment firm led by exhibition entrepreneur Doug Emslie, has announced its first investment with the acquisition of a majority stake in U.K.-based Raccoon Media Group. Raccoon was founded in 2016 and achieved great success with the launch of the National Running Show. Since then, ...
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ArticleVW’s financial service takes a stake in Pon’s bike leasing subsidiary
On Sept. 4, the Volkswagen Group announced in a side sentence at a press conference (much of which was about cars and less about bikes) at the IAA Mobility press day in Munich that it planned to enter the bike leasing business. Pon Holdings B.V., a company familiar with the ...
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News briefsMcLaren’s electric scooter division acquires troubled e-bike maker VanMoof
Lavoie, the electric scooter unit of F1 engineering and technology company McLaren Applied, has reached an agreement to buy bankrupt Dutch e-bike maker VanMoof. The company also announced that it will invest in stabilizing and expanding the business. Terms of the acquisition were not disclosed, but McLaren Applied Chairman Nick ...
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News briefsPon.Bike acquires Italian cycling shoe brand Nimbl
Pon.Bike, the subsidiary of Dutch family holding company Pon Holdings B.V., which has become a leading European cycling company with more than 15 brands, has acquired the emerging premium cycling shoe brand Nimbl, based in Porto Sant’Elpidio, Italy. Details on the sale price were not disclosed. Founded in 2020, Nimbl ...
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ArticleMips acquires 25% in US sensor tech firm
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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ArticleMicromobility.com considers acquisition of VanMoof
New York-based Micromobility.com Inc., a pioneer in sustainable transportation and micromobility services, has made a non-binding offer to acquire Dutch e-bike company VanMoof, which was reported as insolvent two weeks ago. According to a press release, Micromobility’s initial non-binding offer was well received. The company is now preparing to submit ...
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News briefsRapala VMC taking majority stake in 13 Fishing parent
Rapala VMC, the fishing-focused company based in Finland, which has been distributing 13 Fishing rods and reels outside the U.S. for nearly four years, is increasing its stake in its parent DQC International to 60 percent. Under the terms of the agreement, DQC CEO James Coble will retain 40 percent ...
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News briefsItalian bicycle maker Pinarello sold
Investment firm L Catterton has announced that it has sold Pinarello to “a private family office.” The terms of the transaction have not been unveiled, but according to the Italian newspaper Gazzetta dello Sport, it was a €200 million deal. L Catterton bought a majority stake in Pinarello in 2016. ...
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ArticleNew Wave Group acquires Tenson
New Wave Group, the Swedish parent company of Craft, Seger, Auclair, Derby of Sweden, D.A.D. Sportswear and a total of nearly fifty brands in business, sports and leisure, gifts and home textiles, has acquired 100 percent of the shares in outdoor and lifestyle brand Tenson AB. Tenson, also from Sweden, ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
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News briefsLa Sportiva acquires Italian shoe upper supplier
Outdoor footwear specialist La Sportiva has acquired a majority stake in Meet Italia, an Italian shoe upper producer and one of Sportiva’s suppliers for more than 20 years. Founded in 1985 by the Morellato family, Meet Italia is based in the outdoor industry cluster of Montebelluna in the Veneto region. ...
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News briefsSemapa acquires bicycle aluminum frame builder Triangle’s
Portuguese aluminum frame builder Triangle’s Cycling Equipments has been acquired by domestic conglomerate Sociedade de Investimento e Gestão (Semapa). The full acquisition was made by Aphelion, a wholly-owned subsidiary of the publicly traded conglomerate. Semapa has so far made a name for itself mainly with holdings in the cement, pulp ...
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News briefsNaturkompaniet acquires Norwegian online store and brick-and-mortar stores
Naturkompaniet AS and Exist Internet AS announced that Naturkompaniet is acquiring 100 percent of the shares in Exist Internet AS, Fjellshop AS and Fjellshop Tromsø AS. The acquisition is part of Naturkompaniet’s strategy to expand its offering and strengthen its position as a leading player in the outdoor industry in ...
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News briefsPinarello could reportedly be sold to Ivan Glasenberg
Italian bike company Cicli Pinarello could soon be sold to Ivan Glasenberg, according to Italian newspaper Il Messaggero and other press sources. The 66-year-old South African billionaire, who holds a 10 percent stake in international mining company Glencore, is reportedly close to finalizing a deal to take a majority stake ...
