All M&A articles – Page 21
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News briefs
Authentic Brands Group files for IPO
Confirming rumors that have circulated in the past few weeks, the rapidly expanding Authentic Brands Group (ABG) has filed for an initial public offering. It said it seeks to raise $100 million through an IPO on the New York Stock Exchange, but it did not indicate yet the timing, how ...
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News briefsSkylotec acquires Climbing Technology
The German family-owned company Skylotec has acquired the Italian brand Climbing Technology, well-known in alpine mountaineering, sport climbing and high-altitude work and one of the largest European manufacturers of carabiners. With the integration of the two associated production companies Aludesign (Italy) and Securit (Romania), both founded in 1986, Skylotec is ...
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News briefsDometic acquires Büttner Elektronik
Scandinavian Outdoor Group (SOG) member Dometic keeps on buying companies internationally: On July 2, it acquired Büttner Elektronik, a German provider specialized in mobile power solutions for the outdoor segment, including solar power solutions, batteries and battery chargers. The company’s 2020 net sales (primarily sold in Germany) were approximately €13 ...
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ArticleAuthentic Brands moves Spyder license to Liberated Brands
Authentic Brands Group (ABG) has announced the transition of its core licenses for its ski-focused Spyder brand to Liberated Brands. Under the terms of the new long-term agreement, Liberated Brands will assume outerwear and apparel sourcing, product design, marketing, wholesale, e-commerce and retail store operations across the U.S., Canada, Australia, ...
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News briefsClarus finalizes acquisition of Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, among others, has completed the acquisition of Australia-based Rhino-Rack Pty Ltd, which we previously reported. Rhino-Rack will continue to operate independently as a wholly owned indirect subsidiary of Clarus and will form a third reporting segment. Clarus acquired Rhino-Rack ...
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ArticleWoom-Europe merges with Woom-USA
Austrian children’s and youth bicycle supplier Woom GmbH has acquired its U.S. import partner and placed it under its corporate umbrella. Financial details of the acquisition were not disclosed. The merger of Woom-Europe with Woom-USA is one of several strategic steps the company is taking to grow. Having already built ...
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News briefsBystronic finalizes sale of Mammut
Bystronic, the Swiss holding company previously called Conzzeta Group, has announced the completion on June 30 of the sale of the Mammut Sports Group to Telemos Capital for an enterprise value of 230 million Swiss francs (€209.7m-$248.6m), including an earn-up of up to CHF 45 million (€41.0m-$48.6m). The figure is ...
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News briefsEcco invests in advanced green technology
Danish footwear brand Ecco has acquired a 30 percent stake in Danish startup Bioscavenge, which specializes in water treatment technologies and the development and implementation of new methods for water treatment plants. Over the past two years, Ecco has already collaborated with Bioscavenge on a research and development project to ...
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ArticleSilva acquired by growth equity investor, paving way for expansion
Verdane, a Northern European specialist growth equity investor, has acquired the Swedish brand Silva, manufacturer of high-quality compasses, headlamps, and sports equipment, founded in 1933. Silva had been in the hands of Scandinavian private equity investment firm Karnell (K3 Fund) since 2011 when it acquired the brand from Fiskars, which ...
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ArticleOutdoor-Profis becomes wholly owned Sport 2000 subsidiary
Outdoor-Profis GmbH, the umbrella company for the outdoor specialty retailers that are part of the Sport 2000 sporting goods buying group, has become a wholly-owned subsidiary of the Sport 2000 GmbH group. Acquisition details were not disclosed. Previously, Sport 2000 held an unspecified minority stake in Outdoor-Profis. With the acquisition ...
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News briefsVF sells its Work segment, except Dickies and Timberland Pro
After announcing in April that it had reached a definitive agreement to sell this business unit, VF Corp. announced that it has completed the divestiture of the workwear portion of its Work segment to an affiliate of Baltimore-based Redwood Capital Investments, LLC, a diversified holding company. The transaction includes the ...
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ArticleCalida Group to sell Millet Mountain Group
Following the successful divestments of Oxbow and Eider, the Swiss Calida Group now intends to continue its strategic focus and concentrate on its core lingerie and underwear business with a sharpened brand portfolio by selling off the rest of its outdoor brands. Recent business developments have illustrated, the company said, ...
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News briefs
Superfeet acquired by private equity firm
Seattle-based private equity firm Westward Partners has acquired Superfeet, an insole manufacturer founded in 1977 and based in Ferndale, Washington, about 160 km north of Seattle. Terms of the transaction were not disclosed. Westward will take over majority ownership of the company from its workers since it was owned by ...
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Articlebd-capital invests in shopping club SportPursuit
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a London-based, pan-European, operationally managed private equity firm established in 2019. According to a company statement, bd-capital’s investment, which was not disclosed in a detailed manner, ...
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News briefsPelican International acquires Advanced Elements
Pelican International Inc. of Québec, Canada, a paddle sports manufacturing group that includes brands such as Pelican, Wilderness Systems, Perception, Dagger, Mad River Canoe, Harmony Gear and Boardworks, has acquired California-based inflatable watercraft pioneer Advanced Elements Inc. through its wholly-owned subsidiary Confluence Outdoors Inc. Details of the transaction were not ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
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News briefsAbus Group acquires Italian helmet manufacturer
German preventive safety expert August Bremicker Söhne KG (aka Abus Group) has agreed to acquire Italian helmet manufacturer Maxi Studio. The plan is to fully integrate the manufacturer into the group of companies. No details were given about the sales price. Source: ABUS Made by Maxi Studio: Movistar ...
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News briefs
ATK is now controlled by Progressio, but the Indultis will continue to run operations
Progressio has acquired a majority stake in ATK Sports via its private equity Progressio Investimenti III. The Indulti family, which founded ATK in 2007, will maintain a minority stake and will continue to run operations. ATK specializes in ski bindings. The entire production process, from design to product delivery, is ...
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ArticleClarus to acquire Australian roof rack manufacturer Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond, Sierra Bullets and Pieps, among others, reports that it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of roof racks, mounting systems, luggage boxes, carriers and other automotive accessories, for a total purchase ...
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News briefsDometic continues its buying spree
The newest member of the Scandinavian Outdoor Group (SOG), Dometic, continues to acquire companies: Only one week after announcing the takeover of Front Runner from South Africa, the Swedes have now completed the purchase of Zamp Solar, a North American manufacturer of innovative and high-quality mobile solar power solutions for ...
