Latest Corporate and M&A – Page 6
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ArticleIntersport celebrates 40 years of private label McKinley
Founded in 1984 and named after North America’s highest peak, McKinley has become the flagship private label brand of Intersport. This year, Intersport proudly celebrates four decades of McKinley.
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ArticleVista’s Board of Directors reaffirms committment to sale of The Kinetic Group to CSG
Vista Outdoor’s Board of Directors has issued an open letter to its shareholders recommending once again the sale of The Kinetic Group, Vista’s ammo segment, to the Czech company CSG.
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ArticleCSG raises purchase price for The Kinetic Group to $2.1bn
Continuing the back-and-forth over the partial or complete sale of its business segments, Vista Outdoor has announced that it has entered into an amendment to the merger agreement with Czechoslovak Group a.s. (CSG) that increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by ...
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ArticleIndian fabric sourcing platform Fabriclore raises $1.6m
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
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ArticleTug-of-war over Vista and Kinetic Group continues
While Vista Outdoor announced on June 25, after a long wait, that the Committee on Foreign Investment in the United States (CFIUS) has finally approved the proposed acquisition of Vista Outdoor’s The Kinetic Group division by Czechoslovak Group a.s. (CSG), Montréal-based MNC Capital Partners has once again stepped up its ...
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ArticleReaction to ISS disapproval: CSG increases offer for The Kinetic Group
After the US proxy advisory firm Institutional Shareholder Services (ISS) recommended that Vista Outdoor shareholders abstain from voting on the Czechoslovak Group’s (CSG) offer for Vista Outdoor’s The Kinetic Group ammunition business, the Czech prospective buyer has now increased its purchase offer by $40 million from $1.96 billion to $2 ...
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ArticleDarfon Electronics takes over wholesaler and importer Grofa
In August 2020, the German wholesaler and importer Grofa Action Sports GmbH took over the exclusive distribution of the e-bike brand BESV from electronics giant Darfon Electronics Corp. in Germany and Austria. The management board of the listed Taiwanese company has now approved an agreement to this effect. According to ...
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ArticleGerman custom bike manufacturer Rotor Bikes relaunches directly after insolvency
Due to liquidity problems, the Leipzig-based complete bike, frame and wheel manufacturer Rotor Bikes GmbH (not to be confused with the Spanish bicycle component manufacturer Rotor Components Technologicos S.L.!) filed for insolvency on June 4. According to the company, this step has set the course for a new start under ...
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ArticleNew Cake owner introduces himself and his future plans
After Cake founder and CEO Stefan Ytterborn (also founder of the protective equipment company POC) lost a major investor at short notice and his e-motorcycle and e-bike company, founded in 2016, had to file for insolvency on Feb. 1 of this year, the insolvency administrator gave little news about the ...
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ArticleFitness equipment giant Dyaco opens new e-bike factory in Taiwan
Around two years ago, Taiwan’s listed fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its young e-bike business (including the newly created e-bike brand Cikada). As the Iuvo factory was located on ...
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ArticlePierer Mobility reports strong Q2, announces realignment of the bicycle division
Pierer Mobility AG released its financial results for the second quarter of 2024, highlighting continued growth across key financial metrics. The company also announced a significant strategic realignment of its bicycle division, reflecting its commitment to streamlining operations and enhancing profitability in the competitive e-mobility market Key financial highlights of ...
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ArticlePulp producer Suzano acquires stake in Lenzing
B&C Group and Suzano S.A. have entered into a long-term partnership regarding B&C’s majority shareholding in Lenzing AG, the world’s leading supplier of cellulose fibers for the textile and nonwovens industry, which is listed on the Vienna Stock Exchange. The B&C Group consists of the holding companies of the Austrian ...
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ArticleVista rejects MNC offer, receives new indication of interest in ammo business
The sale and spin-off plans at Vista Outdoor remain in a state of suspense. The group announced that its Board of Directors, after consultation with its financial and legal advisors, has rejected MNC Capital’s unsolicited expression of interest dated June 6, 2024, in which MNC expressed an interest in acquiring ...
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ArticleBianchi opens new factory, new CEO since start of the year
Source: Bianchi The new Bianchi headquarter in Treviglio was officially inaugurated on June 4, 2024 Italian bicycle manufacturer Bianchi officially opened a new factory on June 4. The factory is located in the same building in Via delle Battaglie in Treviglio, where Bianchi has had its headquarters ...
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ArticleSchöffel relaunches the brand
German company Schöffel has announced a comprehensive brand relaunch, while retaining the well-known claim “Ich bin dann mal raus” (I’ll be out and about). Source: Schöffel Stefan Merkt, Managing Director Schöffel “Our brand is renewing itself without sacrificing its roots, thereby increasing its relevance in a constantly ...
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ArticleAltor buys the remaining assets of bankrupt Renewcell
The private equity company Altor Equity Partners has acquired the bankruptcy assets of the textile recycling company Renewcell for an undisclosed sum. As part of the acquisition, Altor is creating the new company Circulose, a name already closely associated with Renewcell. The Swedish textile recycling company was founded in 2012 ...
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ArticleVista rejects offer from MNC, decides to partially sell to CSG
Vista Outdoor announced that the Board has again rejected an unsolicited offer from Montréal-based MNC Capital dated March 25, 2024, in which MNC expressed an interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share. Michael Callahan, Chairman of the Board, commented that the Board determined ...
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ArticleNorrøna continues to invest in adventure tourism
Norwegian outdoor brand Norrøna and the renowned Danish architecture firm Dorte Mandrup A/S have joined forces to create a unique nature hotel on the west coast of the island of Senja in northern Norway. Source: Nikolai Schirmer Senja – where mountains meet the sea Norway’s second-largest island ...
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ArticleBankrupt Renewcell sells pilot plant to manufacturer of non-oil absorption materials
Six weeks after Renewcell’s liquidator, Lars-Henrik Andersson, announced that several bids had been made for the business and assets of Swedish textile recycler Re:NewCell AB, Biosorbe, a Swedish company that produces a bio-based product for absorbing spilled oil, announced on Tuesday that it has acquired the bankrupt textile recycler’s pilot ...
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Article2023: Vaude reduces global CO2 emissions by 30%
According to its 2023 CO2 emissions chart, Vaude has reduced its global greenhouse gas emissions by almost one-third compared to the reference year of 2019, while the company’s turnover increased significantly in the same period. Vaude thus shows that it is possible to decouple resource consumption from corporate growth and ...
