All M&A articles – Page 15
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ArticleThe Lycra Company taken over by creditors
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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News briefsKKR acquires 96% of Accell Group
The consortium led by Kohlberg Kravis Roberts & Co. (KKR) has now acquired 96.9 percent of Accell Group’s share capital, although the 80 percent acceptance period was not quite reached. Under the tender offer, 5,671,703 shares were tendered during the acceptance period, representing approximately 21.1 percent of the total outstanding ...
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ArticleUSWE acquires Oregon-based Giant Loop, opens U.S. subsidiary
Swedish company USWE Sports AB has agreed to acquire U.S. companies Giant Loop LLC and Armadillo Bag LLC, among the most successful brands in the soft-bag segment for the off-road market in the U.S. The fixed acquisition price totals approximately $3 million, of which roughly $1.5 million will be paid ...
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News briefsAccell Group takeover: KKR declares offer unconditional
After the status of the Accell Group takeover was in limbo last week, Accell Group and KKR (Kohlberg Kravis Roberts) have now jointly announced that, considering all offer conditions having been satisfied or waived, KKR declares the offer unconditional. The number of shares that have been tendered for acceptance under ...
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ArticlePorsche takes over remaining 80 percent in Fazua
Porsche AG seemed to like what it saw when it acquired a 20 percent minority stake in fledgling e-bike drive manufacturer Fazua GmbH in January 2022. The German sports car maker now announced it will acquire the remaining 80 percent. No details were provided about the sale price. The Stuttgart-based ...
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News briefsCompass Diversified acquires PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise value of ...
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News briefsGathr Outdoors acquires WaterPORT
Gathr Outdoors, known as MacNeill Pride Group until January 2022 and a family of outdoor, camping and recreation brands, announced the acquisition of California-based outdoor adventure water tank manufacturer WaterPORT. The terms of the transaction were not disclosed. WaterPORT founder Adrian Frick will report to Cory Tholl, president of Gathr ...
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News briefsStatus of Accell Group takeover in limbo
The Dutch Accell Group did not receive the required threshold of tendered shares by its June 3, 17:40 CET deadline, casting uncertainty over its proposed €1,145 million takeover by an affiliate of U.S. financial investor KKR (Kohlberg Kravis Roberts) that was formally made on April 6 but first announced in ...
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News briefsFrasers Group sells Bobs and Eastern Mountain Sports to GoDigital Media
British Frasers Group has disposed of its U.S. retail businesses, selling Bobs Stores and Eastern Mountain Sports to the U.S.-based GoDigital Media Group for a cash consideration of $70 million. According to Frasers, the funds from the transaction will go into the group’s general working capital pool. The transaction includes ...
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News briefs
Huafon Group acquires DuPont Biomaterials, relaunches as Covation Biomaterials
Following the completion of the purchase from DuPont for approximately $240 million, the Chinese Huafon Group has reincorporated former DuPont Biomaterials as a stand-alone company under the name Covation Biomaterials headquartered in the U.S. state of Delaware. Covation aims to create sustainable building blocks for customers to make innovative bio-based ...
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ArticleAustralian investment company acquires majority stake in Sea to Summit
Australian investment company Five V Capital has become the majority shareholder of Sea to Summit Pty Ltd, the adventure gear brand headquartered in Perth, Western Australia. Sea to Summit offers adventure equipment such as sleeping bags, dry bags, sleeping mats, tents, camping kitchens and outdoor accessories worldwide. In Australia, Sea ...
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ArticlePelican International acquires GSI Outdoors
Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...
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News briefs
Heraeus acquires majority in Indian PET recycling company
German chemicals group Heraeus Holding GmbH has acquired a majority stake in PET recycler Perpetual Technologies and renames the company Revalyu Resources. Revalyu has developed a low-energy depolymerization technology to recycle post-consumer PET bottles into esters, the base for polyester fibers. According to the company, the technology provides a cost-effective ...
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News briefsSkylotec acquires parts of Dutch TAGS Group
On April 1, Skylotec, the German manufacturer of industrial and sports climbing as well as protective equipment, acquired individual product groups from the Dutch TAGS Group. The acquisition expands the product range in the Law Enforcement and Armed Forces (LEAF) segment. It makes the German family-owned company the world’s only ...
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News briefsShimano divests Pearl Izumi to United Sports Brands
Califonia-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano, the Japanese manufacturer of cycling components, fishing tackle and rowing equipment. USB is a portfolio company of private equity firm Bregal Partners. Besides its ...
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News briefs
GSM Outdoors takes over Bill Lewis lures brand
U.S. hunting gear company GSM Outdoors has expanded its presence in the fishing market with the acquisition of the Bill Lewis Rat L-Trap brand of baits. The terms of the deal were not disclosed. This new move follows GSM’s first acquisition in the sector of Gary Yamamoto Custom Baits last ...
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News briefsAccell Group updates takeover details
Source: Accell Group CEO Tom Anbeek Accell Group issued a clarification about its looming €58.00 a share takeover by a consortium led by buyout firm Kohlberg Kravis Roberts (KKR). The all-cash offer, which values the Dutch bike company at €1.56 billion (a premium of 42 percent over ...
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News briefsCalida finalizes sale of Millet
The Swiss Calida Group has finalized the sale of Millet Mountain Group on April 20, 2022. Jean-Pierre Millet, investor and grandson of Millet’s founder, and Inspiring Sport Capital, a private equity firm specializing in sports investments, have acquired the Millet Mountain Group with the Millet and Lafuma Outdoor brands, returning ...
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News briefsAccell Group sets May meeting date on KKR offer
The Dutch Accell Group has established May 20 as the date for the extraordinary general meeting on the recommended all-cash, €1.56 billion (€58.00 a share) offer for the company by a consortium led by U.S. financial investor Kohlberg Kravis Roberts (KKR). The offer, initially revealed in late January, was formally ...
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ArticleOnline Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden
E-commerce specialist Online Brands Nordic AB has finalized the acquisition of Nordic Kidswear AB, which includes Isbjörn of Sweden, the sustainable Swedish outdoor children’s clothing brand, as previously announced in January. Founded in 2005 by Maria Frykman and Camilla Schmidt, Isbjörn of Sweden has an undisputed reputation for producing highly ...
