All M&A articles – Page 5
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News briefsCompanies of insolvent Prophete Group up for sale
Following the filing for insolvency in late 2022, the appointed preliminary insolvency administrator Manuel Sack of law firm Brinkmann & Partner (B&P) has initiated “a structured international investor process with the approval of the preliminary creditors’ committee” for the Prophete Group. This means that the operational business activities of the ...
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News briefsHeiQ becomes major supplier of regulatory compliant copper and silver for industrial hygiene applications
Switzerland-based HeiQ Materials AG, a wholly owned subsidiary of HeiQ Plc, has signed an agreement to acquire all the shares of U.K.-based Tarn-Pure Holdings Ltd. Tarn-Pure holds key EU and U.K. registrations for the sale of metallic copper and metallic silver for use in hygiene applications. The Covid-19 pandemic triggered ...
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News briefsAdventure travel marketplace Heli buys Great Canadian Heli-Skiing
Heli (heli.life), a Colorado-based marketplace for heli-skiing and other adventure travel (kiteboarding, surfing, scuba diving, mountain biking, etc.) through partnerships with companies around the world, has completed the purchase of Great Canadian Heli-Skiing and the company’s Heather Mountain Lodge, located at the east gate of Glacier National ...
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News briefsVF Corp. to potentially sell the JanSport brand
According to Bloomberg citing „people with knowledge of the matter,” VF Corp is considering selling the JanSport backpack and adventure luggage brand. There are no details of a potential investor revealed whatsoever. Shares of VF, the owner company of The North Face (TNF), Vans and Timberland brands, have dropped by ...
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ArticleItalian investor joins 3T Cycling
To support 3T Cycling’s ongoing rapid growth, UTurn Investments Srl, an independent family firm founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has invested in the iconic high-end Italian niche bicycle company. The focus is also on expanding 3T’s own “Made in Italy“ factory, where not only bike components, ...
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ArticleBritish Mammut owner and investment company Telemos takes majority stake in Vittoria Group
A year and a half after acquiring the Swiss Mammut Sports Group from Bystronic (formerly Conzzeta Group), Telemos Capital is making news with another acquisition in the sporting goods industry. The British investment group has signed a binding agreement to acquire a majority stake in Vittoria Group, the bicycle tire ...
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News briefs
Anta is weighing up IPO of Amer Sports
Anta Sports is considering an initial public offering (IPO) of Amer Sports, Bloomberg has reported, drawing its information from people familiar with the matter who asked not to be identified. Amer Sports includes brands like Wilson, Arc’teryx, Salomon, and Atomic. The company and its co-investors are holding preliminary negotiations with ...
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ArticleCypad Group acquires majority stake in Pasasport
Since the entrance of the investor PM&Partners SGR S.P.A. in the Italian company Cytech S.r.l. (Cypad Group), which claims to be the world’s leading group for the production of seat pads in sportswear (cycling shorts, etc.) and glove pads, the focus has been on growth. Together, the companies have launched ...
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News briefsAscend purchases majority stake in Circular Polymers
Ascend Performance Materials has acquired a majority stake in Circular Polymers, a California-based recycler of post-consumer, high-performance polymers, including polyamide 6 and 66, polypropylene and polyester (PET). Circular Polymers reclaims and processes post-consumer carpets via a unique technology. The deal will provide Ascend with a consistent supply of post-consumer recycled ...
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ArticleItalmobiliare announces new Sidi CEO after takeover
Source: Sidi Sport Davide Rossetti, CEO Sidi Sport With domestic investment holding company Italmobiliare Holding S.p.A. (we reported in July) set to complete the acquisition of Italian cycling and motorcycle footwear icon Sidi Sport S.r.l. in the current fourth quarter of 2022 “at an enterprise value of ...
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News briefsPierer Mobility and MV Agusta deepen strategic cooperation
Shortly after the announcement of a strategic partnership in North America (Pierer Mobility subsidiary KTM AG will take over the exclusive distribution of MV Agusta), the two European motorcycle and (e-)bike suppliers have announced that they will intensify their cooperation by entering into a worldwide distribution partnership. In this context, ...
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ArticlePatrik Frisk buys ski resort in Sweden
Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...
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News briefsGerman RV P2P portal Paulcamper sold to Australia for €31 million
Berlin-based startup Paulcamper has sold its entire stake. The new owner is the listed company Camplify from Australia, which was founded in 2015. Camplify is one of Australia’s leading peer-to-peer (P2P) platforms that connects owners of campervans or RVs with renters, which is the same business model that Paulcamper operates. ...
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News briefsBollé is selling Cébé to a new partnership
Bollé Brands Group is selling Cébé to a coalition of companies: D.MO and Racer. D.MO is devoted to project management and the industrialization of products in the outdoor sector. Both of its chief executives, Sébastien Delsaux and Maxime Bos, are former Cébé employees. Racer, meanwhile, is a French manufacturer of ...
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News briefsRocky Brands sells overshoe brand
Rocky Brands has sold Neos Overshoe to the tool and equipment manufacturer SureWerx, at undisclosed terms. Along with The Original Muck Boot Company, Xtratuf, Servus and Ranger, Neos Overshoe was part of Honeywell’s footwear business, which Rocky Brands acquired in March 2021. In March of this year, SureWerx made another ...
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ArticleEdelrid Group acquires avalanche backpack manufacturer ABS
ABS is becoming part of the Edelrid Group (a company group that also includes the Edelrid brand and Vaude Vietnam). By adding the Munich-based avalanche backpack company to its portfolio, the group is expanding its range of personal protective equipment (PPE) for winter sports. ABS had been owned by Spin ...
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News briefsPierer Industrie AG acquires majority stake in Syntace
Austrian-based Pierer Industrie AG has acquired an unnamed majority stake in renowned German bicycle component manufacturer Syntace GmbH. No details of the purchase price were disclosed. Syntace develops and produces a wide range of high-quality lightweight products from wheels to hubs, handlebars, seat posts and pedals. The high-quality MTB niche ...
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News briefs
Gruppo Seven acquires majority stake in Incall
Gruppo Seven, the owner of Italian backpack specialists Invicta, has acquired a 75 percent stake in Incall SpA, a stationery producer based near Ancona and the owner of the Mitama brand. The financial terms of the transaction have not been disclosed. Incall, which posted revenues of €17 million in 2021 ...
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ArticlePon Holdings continues to invest in the automotive and bicycle mobility segments
Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...
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News briefsOberalp Group acquires Romanian shoe manufacturer Droker
On Sep. 1, the South Tyrolean Oberalp Group acquired the Droker S.r.l. shoe factory based in Sebes in Transylvania, Romania, which has been producing 40 percent of Salewa’s total shoe production for years. A center of excellence had emerged in the region in recent decades, attracting various companies – especially ...
