All M&A articles – Page 23
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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 ...
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News briefsMair acquires partner brand Bike Machinery
Robotic industrial machinery supplier Mair Srl and Bike Machinery Srl, known in the bicycle industry for its expertise in tubing processing, are taking their partnership in bicycle production machinery and service (including maintenance) to the next level. Mair will gradually take over the Bike Machinery brand until the end of ...
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News briefsDometic acquires Front Runner
Dometic’s buying spree continues unabated: After Valterra in April and Enerdrive in May, the Swedish brand headquartered in Stockholm has now reached an agreement to acquire Front Runner Vehicle Outfitters, a provider of roof racks, cargo carriers, storage solutions and off-road accessories from South Africa that is particularly popular with ...
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ArticleFrench investor takes over Swiss e-bike pioneer Stromer
European private equity firm Naxicap Partners has reached an agreement to acquire Swiss premium e-bike pioneer Stromer (bikes up to 45 km/h). Details of the transaction were not disclosed. However, it is still subject to approval by the responsible regulatory authorities. Source: MyStromer AG Stromer’s brand-new premium model ...
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News briefsDometic acquires Enerdrive
SOG member Dometic Group AB just announced the acquisition of Enerdrive, an Australian-based provider of mobile power products for the outdoor market, including solar power solutions, batteries and battery chargers. The acquisition of Enerdrive broadens Dometic’s offering and distribution network in the Pacific region and also increases the Swedish company’s ...
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News briefsFood industry group Heristo acquires Möve Bikes
Germany’s Heristo Holding, a family-owned food industry group, is acquiring bicycle manufacturer Möve Bikes, which went bankrupt on Feb. 5. Together they want to ensure that one of the oldest German bicycle brands with innovative technologies enjoys a secure future. Heristo’s commitment also ensures that jobs at the Möve site ...
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News briefs
HeiQ acquires German materials innovator RAS
Swiss ingredients brand HeiQ, known for its antiviral textile technology HeiQ Viroblock, is strengthening its antimicrobial ingredients technology platform and expanding its product portfolio to include coating technologies through the acquisition of materials innovation company RAS AG, based in Regensburg, Germany. RAS develops and manufactures highly functionalized materials, including antimicrobial, ...
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ArticleWise Equity acquires one-third stake in Selle Royal Group
In late 2019, Italian bicycle accessories and parts manufacturer Selle Royal S.p.A. (a.k.a. Selle Royal Group with brands Brooks, Crankbrothers, Fizik, Pedaled, Selle Royal) had officially announced its search for a financial partner to accelerate its growth trajectory. On May 14, Milan-based venture capital and private equity fund company Wise ...
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ArticleAuthentic Brands Group and SPARC to acquire Eddie Bauer
Authentic Brands Group (ABG), a New York City-based global brand owner, marketing and entertainment group, and SPARC Group, a global full-service retail operator, today announced a definitive agreement to acquire U.S. outdoor lifestyle brand Eddie Bauer from PSEB Group, an operating company owned by private equity investment firm Golden Gate ...
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News briefsGCI Outdoor sold to MacNeill Pride Group
Tennessee-based MacNeill Pride Group, a portfolio company of middle-market private equity firm Centre Partners from New York and a manufacturer of outdoor products and sporting goods under the ORCA, PrideSports, Champ, Pride Golf Tee and Professional Tee System brands, has acquired Connecticut-based GCI Outdoor (GCI). Terms of the transaction were ...
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News briefsBicycle tire manufacturers Vittoria Group and A. Dugast join forces
Dutch bicycle tire manufacturer A. Dugast, best known for its handmade cotton and silk tires for cyclocross, track and road racing, has been fully acquired by Italian bicycle tire giant Vittoria Group. As a result of the deal, A. Dugast’s CEO Richard Nieuwhuis has received an undisclosed minority stake in ...
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News briefs
Büchel Group subsidiary Wittkop acquires Italian competitor Selle Esse
German bicycle parts and accessories manufacturer Büchel Industrie Holding (a.k.a. Büchel Group) announced that its Wittkop Sattel subsidiary is acquiring Italian competitor Selle Esse, founded in 2009. The deal will be effective May 1 for an unspecified amount. The acquisition will also allow Wittkop, which was founded in 1898, to ...
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ArticleU.K. investment firm to acquire Mammut
After Conzzeta had already announced on Dec. 9, 2019, that it would focus on the sheet metal working segment (Bystronic business unit) in the future, and this year revealed the final restructuring, including the renaming of Conzzeta to Bystronic, the Swiss company has now apparently found a buyer for its ...
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News briefsBoards & More acquires SQlab
Boards & More Group, which owns the bike apparel and accessories brand ION, has acquired SQlab, a specialist in ergonomic bike accessories, effective March 31. Both parties agreed to keep the purchase price confidential. While SQlab founder Tobias Hild will remain on board as managing director, his wife, co-founder and ...
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ArticleDometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group (SOG), has reached an agreement to acquire Valterra Products, a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket position with new products, a broader distribution ...
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News briefsPolish investor acquires majority stake in 7Anna Group
On April 19, Polish private equity firm Resource Partners announced the signing of an investment agreement with 7Anna Group. Upon completion, Resource will hold an unspecified majority stake in the bicycle company. With the new investor, 7Anna’s founders will continue their current management roles and independently pursue the expansion of ...
