All M&A articles – Page 4
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News briefsRiddell acquires helmet tech R&D company
New York-based Evome Medical Technologies Inc. has reached an agreement with EB Sports Corp., the parent company of Riddell Sports Group to sell Evome’s R&D business unit Simbex LLC for approximately $4.83 million in cash. The proceeds will be used to pay down Simbex debt and reduce Evome’s acquisition debt ...
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News briefsLiberty Media announces acquisition of MotoGP
US-based mass media company Liberty Media Corporation, the owner of Formula 1, has announced an agreement to acquire MotoGP, the pinnacle of motorcycle racing with more than 20 Grands Prix across five continents. Liberty Media’s businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Formula One ...
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News briefsFSG sells off consultancy
Fenway Sports Management Group (FSG) – owner of, among other things, Liverpool FC and the Boston Red Sox – has sold off its Consulting Group to the Brand division of Elevate, a consultancy founded in 2018 and headquartered in Charlotte, North Carolina. The Fenway consultancy’s BriAnne Newman is now Elevate ...
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News briefsAuthentic Brands Group nears deal to acquire Champion?
After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...
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News briefsEGYM acquires Hussle
Fit tech company Egym has acquired Hussle, a prominent corporate wellness platform in the UK, and integrated it into Egym Wellpass, its corporate fitness network. Through this integration, Egym Wellpass now grants employers access to a vast network of over 1,500 gyms, pools and spas across 96 percent of UK ...
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News briefsRevelyst acquires PinSeeker
Revelyst, the outdoor product segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, has finalized its acquisition of PinSeeker, a leading simulator off-course golf and connectivity app previously under the Wasserman portfolio. “The PinSeeker team is thrilled to begin our next chapter as part ...
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News briefs‘Unaware of reported sale discussions’, says Topgolf Callaway
Topgolf Callaway Brands Corp. is reportedly contemplating the sale of its Callaway Golf business, as reported on Wednesday, March 21. The speculated valuation for the brand stands at an impressive $3 billion. While the potential sale focuses solely on the Callaway Golf segment, it suggests that Topgolf would remain unaffected ...
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ArticleIs Topgolf Callaway on the market? South Korean sources says so
Speculation is swirling after a South Korean newspaper suggested that golf behemoth Topgolf Callaway might be up for grabs.
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News briefsCastore secures exclusive Umbro Pro Team license
Castore has just finalized an exclusive deal with Umbro licensee GL Dameck (DLG), granting them the coveted Umbro Professional Team Sports sub-license. This strategic move extends Castore’s reach into the UK, Germany, Austria, Switzerland, Belgium, Netherlands and Denmark, marking a significant milestone in their expansion. With a recent investment round ...
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ArticleItaly’s Cisalfa to take over SportScheck
Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024. The German retail chain SportScheck will ...
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News briefsStyle Capital buys majority stake in Autry
Milan-based private equity investor Style Capital is buying Autry International, the owner of the Italian sneakers brand Autry, from Made in Italy Fund. The financial details of the transaction were not disclosed. Style Capital will buy a 50.2 percent stake, while the Doro family, the brand’s founders, will retain a ...
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ArticleTennis-Point Spain seeks new CEO
Tennis-Point Spain and its CEO, Miquel Just, agreed on Feb. 29 to sever the contract they signed exactly four years earlier, according to CMDsport. It was Just who urged Tennis-Point’s entry into Spain, with a first store in Mataró. Five more stores followed, in Barcelona, Valencia, Madrid, Alcorcón and Alfafar ...
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News briefsThe pickleball league merger is complete
The Carvana PPA Tour and MLP (Major League Pickleball) by Margaritaville have completed their merger into a “unified and definitive professional pickleball holding company,” with the help of $75 million from private-equity firm SC Holdings, D.C. Pickleball Team owner Al Tylis, PPA Tour owners Tom Dundon and the Pardoe family, ...
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News briefsAccent Group to end franchise model for The Athlete’s Foot down under
Inside Retail has reported that Australia-based Accent Group, a digitally integrated retail and distribution company in the performance and lifestyle apparel and footwear market in Australia and New Zealand with more than 800 stores, 34 brands and more than 40 websites, plans to end its franchise model for The Athlete’s ...
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ArticleAction sports veteran Shaun Neff joins X Games Ownership Group
Entrepreneur and founder of Neff Headwear, Shaun Neff, announced that he has officially joined sports and entertainment brand X Games Ownership Group as an investor and advisor to accelerate the brand’s expansive strategy. In addition to the annual Winter and Summer Games, X Games plans to expand its events and ...
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ArticleXponential completes divestiture of Stride Fitness
Xponential Fitness, the world’s largest franchisor of health and wellness brands, announced that it has finalized the divestiture of its Stride Fitness brand to Stride Fitness Franchising Inc., owned by Shaun Grove. Grove is currently the President of Rumble Boxing. Founded in 2017 by Misa Dugally and Katie Ownbey and ...
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News briefsHanesBrands closes distribution center in North Carolina
As reported by businessnc.com, HanesBrands is shutting down operations at its distribution center in Winston-Salem, North Carolina, USA, as the company streamlines its operations. This is the third major cost-cutting measure at HanesBrands since last January. The closure of the facility will cost 159 jobs – the fourth set of ...
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News briefsNox under new ownership
GPF Partners has taken what appears to be a controlling stake in Nox, as CMDsport and others have reported. The pádel brand’s founder and CEO, Jesús Ballvé, will be remaining in place. Together with the new shareholder, Nox’s management has come up with a three-part plan: to consolidate its position ...
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News briefsReflo has a new investor and brand ambassador
Reflo, a British sustainable performance wear brand, has announced Harry Kane as an investor in its first seed-funding round, which raised around £1 million (€1.17m), with other investors from the worlds of athletics, green technology and creative services. In addition, the England men’s football captain will become a golf ambassador, ...
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News briefsCoupang completes acquisition of Farfetch
Coupang, Inc. announced on Jan. 31 that it has completed the acquisition of the assets of global online luxury company Farfetch Holdings plc. With access to $500 million in capital, this acquisition enables Farfetch to continue providing its renowned services to its brand and boutique partners and more than four ...
