Spin Capital, a Munich-based investment company, has expanded its sports portfolio with the acquisition of a majority stake in the Freeride Film Festival and the winter camp's organizer, The Freeride Experience. Spin acquired the avalanche backpack specialist ABS Protection two years ago and the eco-sports apparel label Pyua one year ago. The Freeride Film Festival – founded in 2010 by Volker Hölzl and Harry Putz, who also founded the Freeride Experience Camps in 2004 – focuses on skiing, snowboarding and other outdoor sports, touring cinemas in Germany, Austria and Switzerland. Hölzl and Putz will continue to operate and develop the acquired companies with Spin Capital's team.
Related articles
-
News briefsFreeride Film Festival expands European cinema tour
The new edition of the festival introduces exciting films and new venues across Europe, celebrating extreme skiing, snowboarding and cultural connections.
-
ArticleAccell Group secures creditor support for recapitalization
The company’s creditors approved the restructuring plan, paving the way for recapitalization implementation.
-
News briefsNewell Brands prices $1.25bn in notes to refinance debt and extend maturity profile
The parent of Marmot, Coleman, Contigo and Campingaz has announced $1.25 billion in new notes to refinance existing debt, supporting longer-term financial flexibility.