All M&A articles
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ArticleVista Outdoor leaves option open to sell to MNC for higher price
The uncertainty surrounding the future of Vista Outdoor, respectively Revelyst and The Kinetic Group, continues as the company officially confirmed on April 22 that it has resumed negotiations with Montréal-based MNC Capital in connection with the unsolicited expression of interest dated March 25, 2024, in which MNC indicated it was ...
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ArticleCSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase
Czechoslovak Group (CSG) has issued a statement reaffirming its commitment to the proposed acquisition of Vista Outdoor’s sporting goods business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading US bank JP Morgan Chase. CSG also highlighted the benefits ...
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News briefsGSM Outdoors buys another fishing rod manufacturer
Following the purchase of Phenix Rods last December, GSM Outdoors has now signed an agreement to acquire Mid-America Rod Company, its second brand in the fishing rod segment, for undisclosed terms. Mid-America Rod Company has been manufacturing rods in the USA since 1976. In addition to its own Virtus brand, ...
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News briefsCFIUS accepts re-filed notification of Vista's proposed sale of Kinetic Group
Vista Outdoor Inc. and Czechoslovak Group a.s. (CSG) announced on March 28 that they have voluntarily withdrawn and resubmitted their joint voluntary notification to CFIUS, the United States’ foreign investment review agency, to give CFIUS more time to review CSG’s proposed acquisition of Vista Outdoor’s The Kinetic Group business. With ...
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News briefsFahrrad.de founder takes over key assets of insolvent Internetstores
In mid-January, insolvency administrator Dr. Christian Gerloff informed the creditors that several interested parties had made binding offers to take over the insolvent bicycle and outdoor e-commerce retailer Internetstores GmbH – not for the entire group but for individual assets. The core sales platforms Fahrrad.de and Bikester, as well as ...
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News briefsVista Outdoor confirms receipt of renewed offer from MNC Capital
Vista Outdoor Inc. confirmed on March 25 that it received a revised unsolicited expression of interest from Montréal-based MNC Capital expressing MNC’s interest in acquiring Vista Outdoor in an all-cash transaction at a price of $37.50 per share. On March 4, 2024, Vista Outdoor’s board of directors rejected an unsolicited ...
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ArticleKlean Kanteen acquired by Think Better Group
Klean Kanteen, a family- and employee-owned company known for reusable stainless steel beverage and food containers, has been acquired by the Think Better Group in partnership with the ABN AMRO Sustainable Impact Fund. Klean Kanteen, the original clean reusable water bottle, was founded over 20 years ago in the foothills ...
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News briefsNaturkompaniet acquires Regntøyspesialisten
As part of its further expansion in Norway, the Sweden-headquartered outdoor retail chain Naturkompaniet has acquired 100 percent of the shares in Regntøyspesialisten AS in Kristiansand. The acquisition is part of Naturkompaniet’s strategy to expand its offering and strengthen its position in the outdoor industry in Norway. Naturkompaniet is a ...
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News briefsFenix Outdoor acquires 30% of its Czech retail partner
Fenix Outdoor, the international outdoor equipment and apparel company based in Zug, Switzerland, since 2014 but listed on the Stockholm Stock Exchange due to its Swedish roots, has acquired a 30 percent stake in Arctic Fox s.r.o., its retail partner operating six Fjällräven stores and an online business in the ...
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ArticleVista Outdoor rejects unsolicited offer from MNC Capital
Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...
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News briefsFrasers Group revives Wiggle in strategic acquisition deal
Frasers Group, the parent company of Sports Direct, has made a strategic move with the acquisition of online bike retailer Wiggle and saved the company from insolvency following the collapse of Signa Sports United (SSU). The acquisition expands Frasers Group’s already diverse portfolio of cycle brands, which includes Evans Cycles ...
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ArticleVista Outdoor receives takeover bid of $2.9bn for entire group
Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...
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ArticleNorwegian investor acquires Cake after bankruptcy
Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...
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News briefsColorado ski brand acquired by US real estate developer
Chase Gardaphe, an American real estate developer focused on developing and managing manufactured housing communities, has acquired Romp Skis, a Colorado-based custom ski brand. Romp was originally founded by Morgan and Caleb Weinberg in 2010 and has grown exponentially over the past decade. Gardaphe will continue to expand operations at ...
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News briefsBankruptcy estate of Hövding acquired by Austrian iSi Group
The bankruptcy estate of Hövding Sverige AB, the Swedish company known for its innovative airbag protection for cyclists, has been acquired by the privately owned Austrian industrial company iSi Group. The acquisition of assets includes all technology, know-how, patents and other intellectual property rights previously owned by Hövding Sverige AB, ...
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News briefsKelsey Media acquires consumer fishing show The Big One
The Big One, UK’s largest angling retail show, has been acquired by Kelsey Media from Bauer Media Group. The agreement between the two media companies, which took effect on Feb. 1, 2024, also includes the acquisition of Your Horse Live, the UK’s largest equestrian retail event. The Big One attracts ...
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ArticleSea to Summit acquires Cirdan, bolsters presence in Scandinavia
Australian adventure brand Sea to Summit Pty Ltd has announced the acquisition of Cirdan AS, its current distribution partner in Norway, Sweden and Finland, effective Feb. 1, 2024. Cirdan has a head office in Lorenskog, Norway, a sales office in Stockholm, Sweden, and an agent office in Helsinki, Finland and ...
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ArticleYeti acquires Mystery Ranch
Texas-based outdoor company Yeti Holdings, Inc., maker of coolers, hydration solutions and bags, has signed an agreement to acquire Montana-based backpack specialist Mystery Ranch. “[Mystery Ranch’s] ethos, passion and people not only align with the Yeti team, but also connect well with our commitment to innovation and our customers,” commented ...
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News briefsSpiber and Kanematsu begin Brewed Protein application development, new shares issued
Kanematsu Corporation, a Japanese general trading company that handles a wide variety of products and services, including Electronics & Devices, Foods, Meat & Grain, Steel, Materials & Plant, and Motor Vehicles & Aerospace, has started a collaboration with Spiber to develop applications spanning numerous industrial fields using Spiber’s Brewed Protein ...
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News briefsGoPro acquires Australian motorcycle helmet company
GoPro has an agreement in place to acquire Forcite Helmet Systems, a New South Wales, Australia-based maker of tech-enabled motorcycle helmets that was co-founded by Julian Chow and CEO Alfred Boyadgis. Financial terms of the pending transaction were not disclosed. More details about the pending transaction, expected to close before ...
