All M&A articles – Page 22
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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 ...
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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 ...
