All M&A articles – Page 13
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News briefsRapala buys remaining shares in DQC International, takes over 13 Fishing
Rapala VMC has acquired James Coble’s remaining 40 percent stake in DQC International, the owner of the 13 Fishing rod and reel brand. The Finnish company, which has been distributing 13 Fishing rods and reels outside the US for almost four years, had increased its stake in DQC to 60 ...
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News briefsGSM Outdoors enters fishing rod market
GSM Outdoors has announced the acquisition of US-based company Phenix Rods. The move marks GSM’s entrance into the fishing rod world. Established in 1977, Phenix produces rods for both the freshwater and saltwater markets. GSM Outdoors, headquartered in Irving, Texas, is home to more than 40 hunting, shooting sports, rugged ...
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ArticleChinese investment company buys Haglöfs
After the rumors were already in full swing at ISPO Munich in November, it has now been confirmed that the Swedish outdoor brand Haglöfs has a new owner: Hong Kong-based venture capital firm LionRock Capital acquired the brand from Japanese sports manufacturer Asics on Dec. 18, 2023. ”Throughout our ...
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News briefsVista and CSG receive antitrust clearance for proposed merger
Vista Outdoor and Czechoslovak Group (CSG) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. As previously reported, Vista Outdoor entered into an agreement and plan of merger on Oct. 15, pursuant to which Vista has agreed to sell its Sporting Products business to ...
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ArticleInsolvent WiggleCRC’s new business model focuses on the UK
In the wake of the insolvency of Signa Holding, the British subsidiary WiggleCRC of Signa Sports United (SSU) also had to file for insolvency on Oct. 24. The appointed administrators Anthony John Wright and Alastair Rex Massey of London-based management and restructuring consultancy FRP Advisory have now announced a new ...
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News briefsVista Outdoor declines unsolicited offer
Vista Outdoor’s Board of Directors, following consultation with its financial and legal advisors, has rejected the unsolicited proposal received on Nov. 22, 2023 from Colt CZ Group SE. The Vista Outdoor Board continues to recommend the acquisition of the Sporting Products business by Czechoslovak Group a.s. (CSG) and remains committed ...
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ArticleBergfreunde changes ownership
Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The completion of the transaction ...
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ArticleHarley-Davidson’s e-bike offshoot Serial 1 changes hands
The e-bike supplier Serial 1 Cycle Company, founded by the iconic US motorcycle manufacturer Harley-Davidson in 2020, has been sold to LEV Manufacturing. This provider of light electric vehicles (LEV) focuses on US production “using processes from the free trade zone with a US certificate of origin.” The purchase price ...
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News briefsVista Outdoor receives unsolicited second bid for acquisition of Sporting Products business
Vista Outdoor reports that it has received an unsolicited proposal from Prague-based Colt CZ Group SE to combine Colt CZ and Vista Outdoor in a cash and stock transaction that Colt CZ said would attribute a value of $30 to each share of Vista Outdoor common stock. As previously reported, ...
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ArticleSSU: What has happened so far – and what may still come
In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...
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ArticleMarucci Sports sold to Fox Factory
Compass Diversified (CoDi), the Westport, Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, PrimaLoft and Velocity Outdoor, announced that it has entered into a definitive agreement to sell its majority-owned subsidiary Wheelhouse Holdings, Inc, the parent company of Marucci Sports, to publicly traded suspension and suspension expert ...
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ArticleSigna Holding sells Sport Scheck to British Frasers Group
On Oct. 17, Signa Retail Department Store Holding GmbH announced the sale of the German sporting goods chain SportScheck to British sporting goods and fashion retailer Frasers Group. Frasers runs, among other brands, Europe’s largest retailer of sports and fitness footwear, apparel and equipment, Sports Direct. No details were given ...
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ArticleVista Outdoor divests Sporting Products business for $1.91bn
Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is subject to customary closing conditions. This transaction is the next step in Vista Outdoor’s plan to split the business into separate entities, previously announced on ...
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News briefsClarus acquires another Australian overlanding brand
Clarus Corporation, the parent company of Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes, has invested in another company in the vehicle-based outdoor adventure / overlanding sector. The Utah-based company today announced the acquisition of Australia-based TRED Outdoors Pty Ltd. from Venlo Holdings. TRED is a fast-growing outdoor adventure brand that ...
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News briefsParlee Cycles changes owner
Source: Parlee Composites John Harrison, new owner of Parlee Massachusetts-based company Parlee Cycles has been acquired by avid cyclist and independent investor John Harrison, effective Oct. 1, 2023. The acquisition of the brand and 100 percent of Parlee Cycles’ assets signals the end of their restructuring process ...
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News briefsClarus retains financial advisor for possible sale of Precision Sport segment
In response to the non-binding expression of interest by Warren B. Kanders, Clarus Corp.’s Executive Chairman, to acquire the company’s Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries, the special committee of Salt Lake City, Utah-based Clarus’s Board of Directors hired Houlihan Lokey as the special ...
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News briefsEdelrid expanding in Europe
With the acquisition of the Slovakian rope manufacturer Žilmont s.r.o., German climbing specialist Edelrid is expanding its production capacities in Central and Eastern Europe. Since Oct. 1, 2023, the Slovakian rope manufacturer belongs to the Edelrid Group and operates under the name Edelrid Slovakia s.r.o. In addition to Edelrid North ...
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News briefsNew Cycle becomes shareholder and partner in Freebike
Oldenburg, Germany-based New Cycle GmbH (formerly Cycle Union) has joined Dutch e-bike provider Freebike B.V., based in Rosmalen, as a minority shareholder. Details of the acquisition, what minority stake New Cycle is now holding in Freebike and what was paid for it were not disclosed. With New Cycle, the Freebike ...
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ArticleR Raymon and Pierer New Mobility part ways
Source: R Raymon Susanne and Felix Puello The first rumors of a separation surfaced when the R Raymon bicycle brand, founded by German bicycle industrialist couple Susanne and Felix Puello, was not featured at this year’s Pierer New Mobility booth at Eurobike in Frankfurt. Now Pierer New ...
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News briefsBid entered for Clarus’ Precision Sport segment
Clarus has received from its own executive chairman a “non-binding indication of interest” to acquire for about $160 million the Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries. Warren B. Kanders filed his statement of beneficial ownership with the U.S. Securities and Exchange Commission (SEC) on ...
