Latest Corporate and M&A – Page 14
-
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 ...
-
ArticleEDM Interview Series #02-2021:
Stellar Equipment ABIn part 2 of EDM’s new Interview Series, we spoke with Stellar Equipment’s COO, Mikael Janerås.
-
ArticleEagle Creek to be shut down in fall for financial and strategic reasons
As previously noted , VF Corp . has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible ...
-
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 ...
-
ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation , a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe ) of Berlin-based Signa Sports United ( SSU ), led by Austrian investor Rene Benko , will now proceed faster than anticipated. According to a projected valuation, the combined ...
-
ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen , 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen , who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group . The ...
-
ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH , from British cycling e-commerce giant Wiggle CRC . Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, ...
-
ArticleIPO of the bicycle certificate based on first and newly created bicycle stock index
For the first time, investors can now invest in a specific certificate on what the company describes as “the world’s first bicycle index.” The planned date for the IPO on the Frankfurt Certificates Exchange is June 21. 10 percent of the annual fee of 1.3 percent of this so-called ...
-
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 ...
-
ArticleVF Corp. launches new incubator platform to develop innovative business models
VF Corp. has launched Venture Platforms , an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new brand pillar within the group will add a specific innovation-focused component to the existing brand portfolio strategy, which will focus on identifying and investing in new, ...
-
ArticleVista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor, headquartered in Anoka, Minnesota, has released its “Roadmap to 2025.” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current 15.5 percent to 20 ...
-
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 ...
-
ArticleU.S. bike industry veteran to head Hero International in London
After Indian two-wheeler giant Hero MotoCorp Ltd. (also known as Hero Motor Company or HMC ) announced in March the formation of Hero International ( HIT ) as its new international headquarters in Europe, U.S. industry veteran Jeff Weiss has now been hired as CEO of ...
-
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 ...
-
ArticleConstruction starts on new Kettler Alu-Rad e-bike factory in Germany
Kettler Alu-Rad , a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft ( ZEG ), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production ...
-
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 ...
-
ArticleA.S. Adventure Group becomes Yonderland as it completes its refinancing
The A.S. Adventure Group is changing its name to Yonderland as it completes a financial reorganization under which its bank lenders have acquired a minority stake in the company. In addition to rescheduling its debt, it will also receive a capital injection of €25 million to support its ...
-
ArticleMavic Group 2021 overview includes clear roadmap for the future
After last year’s insolvency of French bicycle component manufacturer Mavic SAS and its acquisition by Bourrelier Group , things remained quiet at first, at least on the surface. Now, at the unveiling of its latest product line on April 24, the newly formed Mavic Group gave a closer ...
-
ArticleU.K. investment firm to acquire Mammut
After Conzzeta had already announced on Dec. 9, 2019, that it would focus on the sheet metal working segment ( Bystronic business unit) in the future, and this year revealed the final restructuring, including the renaming of Conzzeta to Bystronic, the Swiss company has now apparently found a ...
-
ArticleDometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group ( SOG ), has reached an agreement to acquire Valterra Products , a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket ...
