News briefs - Corporate and M&A – Page 106
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News briefs
Head has extended once more the offer period for the...
Head has extended once more the offer period for the buyback of its shares until Feb. 7. It continues to propose payment of €1.90 per share if at least 19,214,042 are tendered. The company had initially given a deadline of Dec. 27, but only 15,908,018 shares were committed by then. ...
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News briefs
Two well-known former sports champions are among the investors in...
Two well-known former sports champions are among the investors in Hyperice, one of the start-ups that won the right to a free stand at this year's Ispo Munich show in the context of the Ispo Brandnew Awards. They are Bixente Lizarazu, the former French International team player and defender for ...
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News briefs
The North American subsidiary of Accell Group in Kent, Washington...
The North American subsidiary of Accell Group in Kent, Washington has integrated Seattle Bike Supply and Raleigh North America. The changes will raise the range of services that Accell North America will provide to independent bike dealers, including improved ease and efficiency in the processing of orders, stronger fill rates, ...
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News briefs
Dorel Industries has announced that it will close its assembly...
Dorel Industries has announced that it will close its assembly and testing facility in Bedford, Pennsylvania towards the end of the year, and lay off 100 employees as part of a global restructuring of its Recreational/Leisure segment. The segment owns the Cannondale, Schwinn, GT, Mongoose and Sugoi bike brands. Operations ...
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News briefs
Sugoi Performance Apparel, a brand of Dorel Industries, has acquired...
Sugoi Performance Apparel, a brand of Dorel Industries, has acquired Sombrio, the mountain bike and lifestyle apparel brand with Freeride at its core. The purchase price was not disclosed. Sombrio was founded in 1998 by Dave Watson, an early pioneer of Vancouver's North Shore gravity-fueled Freeride movement. For Sugoi, the ...
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News briefs
Hero Cycles, the Indian bicycle manufacturer, is building a new...
Hero Cycles, the Indian bicycle manufacturer, is building a new plant in the state of Bihar, in India's northeast. The investment is worth nearly INR370 million (€4.3m-$5.9m) and is supposed to allow for the production of one million bicycles per year, expandable by 50 percent after two or three years. ...
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News briefs
Head, which is the parent company of Mares, has acquired...
Head, which is the parent company of Mares, has acquired Scuba Schools International (SSI), an ISO-certified provider of teaching material and education concepts for scuba diving instructors. Using 30 languages, it offers its services to some 2,600 diving schools and resorts in 110 countries. Founded in 1970 in Schwarzenbruck, Germany, ...
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News briefs
Jones Global Sports, the owners of the golf brand Bobby...
Jones Global Sports, the owners of the golf brand Bobby Jones, has announced that as from Dec. 2013, the design and sourcing departments for the brand have become internally managed. The move aims at helping execute purchases more efficiently and make it easier for the company to adhere closely to ...
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News briefs
Nano-Tex has been acquired by Crypton Fabrics from private equity...
Nano-Tex has been acquired by Crypton Fabrics from private equity and venture capital investors. Sellers included WL Ross and Co. LLC, Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management. Nano-Tex employs a proprietary nanotechnology approach to enhance textiles that provides permanent performance attributes such ...
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News briefs
Trek Bicycle has acquired Electra Bicycle Company for an undisclosed...
Trek Bicycle has acquired Electra Bicycle Company for an undisclosed amount. The move will expand Trek's market share in the cruiser and leisure market while Electra will benefit from Trek's financial, supply chain, distribution, and sales support. The Electra brand will continue to be managed and marketed out of its ...
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News briefs
Sympatex Holding has completed the sale of bonds worth €13...
Sympatex Holding has completed the sale of bonds worth €13 million, with a coupon of 8 percent and maturing in five years' time. They are trading on the Open Market of the Deutsche Börse. The management says that 30 percent of the proceeds will be invested in product development and ...
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News briefs
Ploucquet, an affiliate of Sympatex Holding in Germany, will move...
Ploucquet, an affiliate of Sympatex Holding in Germany, will move all activities to its production site in Zittau. In addition to the existing “Tection” division, which covers technical textiles and applications, all the activities of the “Textiles” business area, which also includes fashion textiles, will also be operated in Zittau, ...
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News briefs
POW of Seattle has acquired Holden Outerwear, another American company...
POW of Seattle has acquired Holden Outerwear, another American company that was founded by a professional snowboarder, Mike LeBlanc, and a designer, Scott Zergebel, to bring street fashion to a mountain environment. POW is the parent company of POW Gloves and Spacecraft Collective, a brand that stands for very artistic ...
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News briefs
Sympatex Technologies has set up a subsidiary in Seoul for...
Sympatex Technologies has set up a subsidiary in Seoul for the Korean market, in an apparent recognition of its importance in the outdoor sector. It plans to expand the presence of its brand name in the country through a big sales campaign orchestrated with one of its clients, Trespass, on ...
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News briefs
Bain Capital has taken over control of Canada Goods at...
Bain Capital has taken over control of Canada Goods at undisclosed conditions. Dani Reiss, the chief executive of the Canadian company, will retain a significant minority stake. Bain is the private equity firm that bought Jack Wolfskin from Johnson Outdoors in 2002 for €42 million and sold it for €93 ...
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News briefs
The Lafuma Group announced today that Calida Holding has carried...
The Lafuma Group announced today that Calida Holding has carried out its planned acquisition of 2.5 million new shares in the company at a price opf €14 per share, for a total investment of €35 million. It thus holds now 50.65 percent of Lafuma's equity and voting shares. In a ...
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News briefs
L Capital Asia Investment, a private equity fund sponsored by...
L Capital Asia Investment, a private equity fund sponsored by LVMH, has agreed to acquire a 40 percent stake in 2XU, an Australian brand of compression garments for triathletes, cyclists and runners, for 75 million Australian dollars (€49.0m-$66.9m). The acquisition will cut the combined shareholdings of the eight-year-old company's founders ...
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News briefs
Accell Group is to combine the commercial and operational activities...
Accell Group is to combine the commercial and operational activities of its Dutch companies Koga, Batavus, Sparta and Juncker into a new entity named Accell Nederland, which will become operational on Jan. 1, 2014. The move, aimed at optimizing the operations of the bike brands in numerous areas, was announced ...
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News briefs
Silver Lake Partners and William Morris Endeavor Entertainment have taken...
Silver Lake Partners and William Morris Endeavor Entertainment have taken over a controlling share in IMG Worldwide Holdings from Forstmann Little & Co. The deal is said value IMG at around $2.3 billion. Since Forstmann's takeover in 2004, IMG has been expanding its international reach. It now employs 3,500 people ...
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News briefs
After its acquisition of Costa, the American producer of sports...
After its acquisition of Costa, the American producer of sports sunglasses, Essilor International, the world's largest supplier of ophthalmic lenses, has announced the takeover of Suntech Optics of Canada. Through a subsidiary called Bugaboos, the latter sells Ryders Eyewear, a line of performance sunglasses for mountain bike enthusiasts (more on ...
