Herschel Supply has sold a minority stake to a consortium of private-equity firms formed by Eurazeo Brands, Alliance Consumer Growth and a Canadian pension fund affiliate. Eurazeo Brands, the division of Eurazeo focused on differentiated consumer brands with global growth potential, is investing $60 million alongside Alliance Consumer Growth, a consumer-focused growth equity firm, and HOOPP Capital Partners, the private capital arm of the Healthcare of Ontario Pension Plan. Herschel, the outdoor brand best known for its backpacks, was founded in Vancouver, Canada, in 2009 by Lyndon, Jamie and Jason Cormack. The three brothers will retain the majority stake in the company.
Related articles
-
News briefsHerschel premiers mentorship project Bank of Creativity
To supply creative minds with resources, supplies and mentorship along their way, Herschel Supply has installed the “Bank of Creativity.” In the former Brooklyn Bank in Brooklyn, New York, established creatives Olivia Rose, Danny Cole and Sophia Wilson provided individual mentorship to 18 up-and-coming creators intending to help them elevate ...
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...