All M&A articles – Page 6
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News briefsTrek acquires two more U.S. retail chains
Trek Bicycle Company is acquiring two chains in the U.S., American Cycle & Fitness and East Coasters Bike Shops. The deals will raise its store total to 35. These will be the company’s fourth and fifth acquisitions this year, after the 21 stores of David’s World Cycle (April), the two ...
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ArticleArchroma acquires Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
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News briefsVista closes acquisition of Fox Racing
Vista Outdoor announced the closing of its acquisition of California-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance (OIC reported earlier). The addition of Fox Racing allows Vista Outdoor to add another category-leading brand ...
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ArticleBombardier acquires majority stake in German bike transmission specialist Pinion
Pinion, a Stuttgart-based manufacturer of a fully sealed manual bike transmission “Made in Germany,” which is based on sports car gearbox technology, has gained a new strategic partner in the Canadian group Bombardier Recreational Products Inc. (BRP), which has also become a majority shareholder alongside the founders and managing directors ...
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News briefsSpecialized acquires U.K. retail chain Rutland Cycling
Specialized has taken over Rutland Cycling, an independent cycle retailer in the U.K. Founded in 1981, Rutland currently has 12 stores in operation. Big Growth Fund, the London-based investment firm that became the largest shareholder in the company in March 2014, will be completely exiting the business. Simon Homer, managing ...
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ArticleVista Outdoor acquires Simms Fishing Products
Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...
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News briefsItalmobiliare acquires Sidi Sport
Italmobiliare has invested in Sidi Sport, the iconic Italian brand specializing in cycling and motorcycling footwear. As per the terms of the agreement, 100 percent of the capital of Sidi Sport S.r.l. will be taken over by Italmobiliare for €66 million, in addition to the net cash held by the ...
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News briefsPeli Products Germany GmbH acquires production capacity in Germany
Peli Products Germany GmbH, a subsidiary of California-based Pelican Products, Inc., a manufacturer of protective cases, temperature-controlled packaging solutions and portable lighting systems, has acquired the injection molding and rotational molding business of HVB Kunststofftechnik GmbH, which has been Peli’s manufacturing partner in Germany for 14 years. Since the partnership ...
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News briefsSalewa acquires the Vertic Outdoor stores in Spain
Salewa Ibérica has acquired the chain of mountain sports stores Vertic Outdoor, CMD Sport has reported. The financial details of the transaction have not been disclosed. The three brick-and-mortar stores of the chain, located in Barcelona, Sabadell and Manresa, will later operate as Salewa Mountain Shop Vertic. Vertic Outdoor also ...
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ArticleVista Outdoor to acquire Fox Racing
Virginia-based Vista Outdoor Inc, the parent company of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear from Irvine, California. The purchase price is $540 million, with the possibility of earning ...
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News briefsSpecialized to establish European innovation center in Germany
Specialized has announced the merger with Denk Engineering, an independent design office in the cycling industry from Freiburg, Germany. “This merge is an important part of a larger strategy to develop our European Innovation Hub,” Scott Maguire, CEO of Specialized, said. “We will build a new state-of-the-art innovation center facility ...
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ArticleJack Wolfskin acquires Polish distributor, establishes central hub for Eastern European growth
Jack Wolfskin has acquired its 24-year distributor for Poland, FAM Sp.K., strengthening its newly formed company Jack Wolfskin Poland Sp. z o.o., based in Gdynia near Gdansk, to bolster the brand’s presence in the fast-growing Polish market. The subsidiary will also serve as a strategic hub for all of Eastern ...
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ArticleThe Lycra Company taken over by creditors
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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News briefsKKR acquires 96% of Accell Group
The consortium led by Kohlberg Kravis Roberts & Co. (KKR) has now acquired 96.9 percent of Accell Group’s share capital, although the 80 percent acceptance period was not quite reached. Under the tender offer, 5,671,703 shares were tendered during the acceptance period, representing approximately 21.1 percent of the total outstanding ...
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ArticleUSWE acquires Oregon-based Giant Loop, opens U.S. subsidiary
Swedish company USWE Sports AB has agreed to acquire U.S. companies Giant Loop LLC and Armadillo Bag LLC, among the most successful brands in the soft-bag segment for the off-road market in the U.S. The fixed acquisition price totals approximately $3 million, of which roughly $1.5 million will be paid ...
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News briefsAccell Group takeover: KKR declares offer unconditional
After the status of the Accell Group takeover was in limbo last week, Accell Group and KKR (Kohlberg Kravis Roberts) have now jointly announced that, considering all offer conditions having been satisfied or waived, KKR declares the offer unconditional. The number of shares that have been tendered for acceptance under ...
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ArticlePorsche takes over remaining 80 percent in Fazua
Porsche AG seemed to like what it saw when it acquired a 20 percent minority stake in fledgling e-bike drive manufacturer Fazua GmbH in January 2022. The German sports car maker now announced it will acquire the remaining 80 percent. No details were provided about the sale price. The Stuttgart-based ...
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News briefsCompass Diversified acquires PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise value of ...
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News briefsGathr Outdoors acquires WaterPORT
Gathr Outdoors, known as MacNeill Pride Group until January 2022 and a family of outdoor, camping and recreation brands, announced the acquisition of California-based outdoor adventure water tank manufacturer WaterPORT. The terms of the transaction were not disclosed. WaterPORT founder Adrian Frick will report to Cory Tholl, president of Gathr ...
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News briefsStatus of Accell Group takeover in limbo
The Dutch Accell Group did not receive the required threshold of tendered shares by its June 3, 17:40 CET deadline, casting uncertainty over its proposed €1,145 million takeover by an affiliate of U.S. financial investor KKR (Kohlberg Kravis Roberts) that was formally made on April 6 but first announced in ...
