All M&A articles – Page 20
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News briefs
New investor for Finnish FootBalance
FootBalance, a Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited. IPGL has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefsDometic acquires U.S. cooler manufacturer Igloo
Swedish company Dometic has reached an agreement to acquire Igloo, the U.S.-based manufacturer of passive coolers and drinking vessels. The acquisition is an important step in Dometic’s strategy to grow further in the outdoor industry and creates a strong base for further global growth, the company said. It will also ...
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ArticleTravis Campbell acquires Eagle Creek from VF, European organization stays on board
Effective Sept. 3, the newly formed Eagle Creek Holdings LLC owns Eagle Creek after acquiring the brand from VF Corp. The new entity based in Steamboat Springs, Colorado, is owned by Travis Campbell, an outdoor industry veteran and former president of emerging brands at VF, who left the group end ...
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News briefs
PayPal acquires Japanese buy-now-pay-later venture
U.S.-based payment platform PayPal Holdings has announced the acquisition of Paidy, a digital payment platform based in Japan. Paidy develops a two-sided payment platform and is also a provider of buy-now-pay-later solutions in Japan, a strategically important market for PayPal. According to the American company, almost three-quarters of all purchases ...
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News briefs
Solo Stoves re-named Solo Brands after acquisitions
U.S.-based camping stove manufacturer Solo Stove is now Solo Brands after announcing on Sept. 3 the acquisition of apparel company Chubbies Shorts, folding kayak manufacturer Oru Kayak (ISPO Brand New overall winner 2014) and ISLE, a maker of paddleboards for yoga, fishing, touring, surfing and more. The company plans to ...
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News briefs
Wesports makes further purchases and recruits e-com pioneer Johan Ryding to the board
WeSports’ previously reported shopping spree does not appear to be over, as the Swedish group has now reported its entry into the water sports and water leisure products market with the acquisition of Finwake, a leading water sports equipment specialist from Finland. Finwake has a strong position in Finland with ...
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News briefsSwedish WeSports group in a buying mood, acquires six brands
The Swedish WeSports Group AB has taken over a number of brands and companies in the recent weeks and months. After the acquisitions of Rawbike and the Nordic Outdoor & Sports Group, which were completed in April this year, the Stockholm-based enterprise has taken over six more companies during the ...
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News briefsFrilufts Retail Europe acquires U.K. retailer Trekitt
Frilufts Retail Europe AB, a subsidiary of Fenix Outdoor International AG, is expanding its European retail network and has acquired all outstanding shares of the British outdoor retailer Trekitt. To date, Frilufts already includes four retail chains operating in the outdoor sector, which generated total sales of €264 million last ...
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News briefs
Wholesaler Absolut Bikes to expand with new owner
On Aug. 24, Dutch investment company Fields Group officially announced that it will acquire German bicycle wholesaler Absolut Bikes GmbH. While there were no details given on the sale price, it was announced that Absolut Bikes’ founder and managing director, Kai Stemann, will remain on board for an agreed transition ...
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ArticleSport Holding acquires Bergans of Norway
Sport Holding, Norway’s largest sports retail player with more than 360 company-owned and franchised stores throughout Norway, divided into Sport 1, Intersport, Anton Sport, Löplabbet, Sportsnett and Skandinavisk Høyfjellsutstyr, is acquiring 100 percent of the shares of Bergans Fritid AS. Source: Hans Kristian Krogh-Hanssen Jan Tore Jensen, CEO ...
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News briefs
Simply Hike acquired by Astbury Collections
Simply Hike, a U.K.-based outdoor leisurewear and equipment specialist, has been acquired by Astbury Collections. Simply Hike sells products for hiking, walking, camping and skiing. The Simply Hike store in Reading has closed, and the retail brand has now become an entirely online operation based at Astbury’s headquarters in Alford, ...
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ArticleAdidas to sell Reebok to ABG for €2.1 bn
On Aug. 12, Adidas has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first quarter of 2022, ...
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News briefsCoDi completes sale of Liberty Safe
Compass Diversified (CoDi), owner of various brands, including thriving Boa Fit technology since October 2020, today announced that it has completed the sale of its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc. to an affiliate of Monomoy Capital Partners. The Westport-based ...
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News briefsLife Time Acquires U.S. bicycle festival Sea Otter Classic
As the world-famous Sea Otter Classic bicycle festival is entering its 31st year, an important change was officially announced on Aug. 3. The festival, traditionally held at the birthplace of mountain biking in Monterey, California, has a new owner with U.S.-based Life Time Inc. No details were given about the ...
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News briefsSquare acquires Afterpay in $29bn all-stock deal
The American fintech Square has reached an agreement to buy the Australian firm Afterpay in an all-stock deal with an implied value of about $29 billion based on Square’s share price on July 30. Afterpay specializes in buy now, pay later (BNPL) services. The transaction is expected to close in ...
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News briefsKlarna acquires influencer and performance marketing company APPRL
Klarna, the Swedish retail banking, payment and shopping service, has announced the acquisition of APPRL, a SaaS platform that enables content creators and retailers to work together seamlessly to deliver informative shopping content to consumers around the world. Klarna sees itself as a global growth partner for its more than ...
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News briefsYouTube acquires Indian social commerce platform Simsim
Google Inc, a subsidiary of technology holding Alphabet Inc, announced it has reached a definitive agreement for YouTube to acquire the Indian social commerce startup Simsim, which has a reach of more than 450 million active users per month, for more than $70 million. The acquisition is expected to help ...
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News briefsMPG expands outdoor portfolio with acquisition of Klymit
Tennessee-based MacNeill Pride Group (MPG), a diversified designer and manufacturer of sporting goods, has acquired Klymit, a Utah-based outdoor gear designer known for its lightweight outdoor sleeping pads, pillows, blankets, tents, sleeping bags and other camping accessories. The terms of the transaction have not been disclosed. The acquisition of Klymit, ...
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ArticleUSWE expands offering with premium cycling apparel through acquisition of VOID Cycling
On July 16, USWE Sports AB, founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling, founded in Gothenburg in 2014, from Tenson BV and Color Group BV. Both USWE and VOID are strong in e-commerce and have each established a global presence. In early 2021, the ...
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ArticleKlarna acquires social shopping platform Hero
Klarna, the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero, a social shopping platform founded in 2015 and based in London and New York. Hero aims “to provide consumers with inspiration, advice and immediately ...
