All M&A articles – Page 26
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News briefsKingswood Capital completes acquisition of MEC
We previously reported that the announcement of the sale of Canada’s largest outdoor chain with 21 doors, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, sparked widespread discussions and even outrage among Co-op members across Canada. This week, Kingswood Capital announced that it has ...
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News briefsBradshaw Taylor takes over Sherpa Adventure Gear
UK-based outdoor specialist Bradshaw Taylor has acquired the Sherpa Adventure Gear brand, a wholly-owned subsidiary of Innov8 Partners, and its assets. Bradshaw Taylor will take over the global operations. Corry Taylor, the owner of Bradshaw Taylor, will be appointed CEO of Sherpa concurrent with the acquisition. Bradshaw Taylor is a ...
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ArticleNew owners for 4FRNT
According to an article in SNEWS, the independent U.S. freeride and backcountry ski company 4FRNT has been taken over by a group of private entrepreneurs from former owner Jason Levinthal, who acquired the brand from former founder Matt Sterbenz in 2017. The article was written by Levinthal himself. The new ...
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News briefs
Maloja acquires 100 percent of producer VioModa
This summer, Maloja Clothing, a German manufacturer of functional cycling, mountain and winter sports apparel, acquired the second half of the holding company VioModa GmbH, located in Dornbirn, Austria, for an undisclosed price. Now owning 100 percent of the company, Maloja is also fully in charge of the VioModa production ...
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News briefs
Calida plans complete takeover of Lafuma SA
The Swiss Calida Holding has announced its intention to launch a buy-out tender offer followed by a squeeze-out for all outstanding shares of its subsidiary Lafuma SA, which is listed on Euronext in Paris/France. Calida currently holds 93.50 percent of the share capital and voting rights of Lafuma SA. The ...
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News briefs
CODI is set to buy Boa Technology for $454 million
Compass Diversified (CODI) has entered into a definitive agreement to acquire Boa Technology, which owns the Boa Fit System for shoe fastening. The purchase price of $454 million excludes working capital and other adjustments. The deal is expected to go through in the next 45 days or so, and Boa ...
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ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, customers had to purchase ...
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News briefs
Frasteya and Lafreto are merging
Frasteya and Lafreto have announced they are merging, with immediate effect. The new joint company that results from the merger of the two French physical players, specializing in outdoor and board sports, is called 113Outdoor. As reported by sport-guide.com, Frasteya will be the majority shareholder while Lafreto will hold a ...
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News briefsThe world’s oldest folding boat manufacturer has a new owner
Klepper Faltbootwerft, founded in southern Germany in 1907, was sold to Klepper Lifestyle GmbH, a company of Compass Logistics International based in Hamburg and run by CEO Michael Müller, effective Aug. 1. The acquisition includes all relevant trademark rights with the name Klepper. Details of the sales price were not ...
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ArticleRossignol to sell Raidlight except for Outdoor Experiences division
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
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News briefsBollin Group acquires 1000 Mile Sportswear
The Bollin Group Limited has acquired 1000 Mile Sportswear, a 20+ year old British sock manufacturer best known for its double-layer, anti-blister system, and also responsible for the Ultimate Performance and Ultimate Performance Medical brands. The Bollin Group, headquartered in Macclesfield, UK, is a holding company that includes Mountain Equipment, ...
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News briefs
Woolrich Europe acquires Ranft-Soller’s shares in Woolrich Germany
As part of the repositioning of the Woolrich brand, Ranft-Soller Holding is transferring its shares of Woolrich Germany to Woolrich Europe. Ranft-Soller Holding, founded in 2000, is made up of the Munich-based sales agency Komet und Helden, the Gents Multibrand Store in Munich and Woolrich Germany. Komet und Helden had ...
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ArticleeVent has a new owner
eVent fabrics, a Missouri-based developer of waterproof apparel, has announced that as of June 30, Performax Pro has assumed full ownership of the brand after acquiring it from Parker Performance Materials for an undisclosed sum. Performax Pro, based in Hong Kong, is a provider of performance fabrics in Asia, the ...
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News briefs
Garmin acquires Firstbeat Analytics
Firstbeat Analytics, formerly part of Firstbeat Technologies and one of the leading companies in the field of physiological analysis and metrics for consumer electronics in the areas of health, fitness and performance, has been acquired by Garmin. For nearly two decades, Firstbeat has been converting heart rate data into user-specific ...
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News briefs
Rossignol sells Time to French start-up
The Rossignol Group announced an agreement in principle for the disposal at an undisclosed price of Time Sport International, the French producer of high-end bicycle components that it had acquired four years ago as part of its diversification into the bike sector. Major investments made for its modernization have not ...
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News briefs
Lafuma sells its surfwear brand
The Lafuma Group has finalized the sale of Oxbow, its brand of surf-inspired sportswear. The move will allow the French company to concentrate on the outdoor sector with two brands, Lafuma and Millet. The group had previously sold its Eider brand to K2 of South Korea. The new owner of ...
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News briefsWintersteiger acquires maker of ski lockers
Wintersteiger – the Austrian provider of machines for ski repair and maintenance, software for ski rental, and equipment and furnishings for ski shops – is acquiring a 51 percent stake in another Austrian company, Steurer. Founded in 1963, it generated a turnover of €8.3 million last year. Steurer’s ski lockers ...
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ArticleOdlo has a new owner
Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...
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News briefsATK Race and Gimec merge to form ATK Sports
ATK Race srl, an Italian binding manufacturer from Fiorano Modenese that has made a name for itself in recent years with its aluminium milled pintech touring bindings, and its parent company Gimec srl, both in the hands of the Indulti family, merged to form a new company, ATK Sports. According ...
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News briefsTenson acquires WearColour and Void Cycling
As reported earlier, WearColour, a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media reports that Tenson, one of the iconic Scandinavian ...
