News briefs - Corporate and M&A – Page 99
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News briefs
Fox Factory is set to purchase Race Face and with...
Fox Factory is set to purchase Race Face and with it, Easton's bicycle components business. Race Face purchased Easton in April this year. Race Face/Easton designs, manufactures, and distributes globally high-performance wheels for mountain and road bikes as well as other high-performance cycling components including bars, cranks, stems and seat ...
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News briefs
Reed Business, a division of Reed Elsevier, has announced plans...
Reed Business, a division of Reed Elsevier, has announced plans to sell Bike Europe and 16 other B2B titles to B+B Vakmedianet, a Dutch publishing house. The decision is meant to allow Reed to focus on data and information solutions, the company said, as it is increasingly moving from digital ...
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News briefs
Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan...
Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan to invest between $10 million and $15 million building two textile plants in Vietnam, one in northern Vietnam and one in the south. Both are scheduled to start operations in the first quarter of 2016. According to reports in The ...
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News briefs
Décathlon has inaugurated a new campus for its three “mountain...
Décathlon has inaugurated a new campus for its three “mountain brands”: Quechua (outdoor), Wed'ze (snow sports) and Simond (climbing). The site regroups nearly 300 people who were previously dispersed over six sites, not including the workers at Simond's factory at Les Ouches. The new campus is located at Passy, near ...
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News briefs
Décathlon has also turned a one-year-old French distribution center at...
Décathlon has also turned a one-year-old French distribution center at Rouvignies, near Valenciennes and the Belgian border, into its sixth continental distribution platform, joining three others in France and two in Spain. Covering 56,000 square meters, it will process the merchandise received from the suppliers and dispatch it to any ...
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News briefs
Seafolly, the Australian swimwear label, has been taken over at...
Seafolly, the Australian swimwear label, has been taken over at undisclosed conditions by L Capital Asia 2, an investment vehicle of the LVMH luxury goods group. The business plan calls for Seafolly's international expansion and its diversification into new product categories in order to become an all-around lifestyle brand. Led ...
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News briefs
Head may be forced to go private following a negative...
Head may be forced to go private following a negative vote on a resolution proposed at a general shareholders' meeting on Dec. 3 to increase the nominal value of its shares by drawing on the company's own reserves. The Vienna Stock Exchange had informed Head that its listing would be ...
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News briefs
JD Sports Fashion has announced that it has sold Bank,...
JD Sports Fashion has announced that it has sold Bank, its struggling fashion arm, to a subsidiary of Hilco Capital, a restructuring specialist, for an undisclosed amount. The British retailer said the deal would recover a “substantial” amount of its inter-company loan, the exact details of which will be confirmed ...
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News briefs
Accell Group has announced that it is in talks to...
Accell Group has announced that it is in talks to buy Cycle Service Nordic, a Danish distributor of bike parts and accessories. The expected takeover would further strengthen Accell's position in the Nordic countries, where it already owns Tunturi-Hellberg in Finland. Cycle Service Nordic, with an annual turnover of around ...
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News briefs
Amer Sports signed on Dec. 2 an agreement for a...
Amer Sports signed on Dec. 2 an agreement for a €150 million syndicated revolving credit facility for the next five years. Negotiated at favorable terms, it will be used for general corporate purposes including the refinancing of a €200 million syndicated loan obtained in 2011, which has now been terminated ...
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News briefs
Quiksilver has reached a definitive agreement to sell its majority...
Quiksilver has reached a definitive agreement to sell its majority stake in its U.K.-based online store, Surfdome Shop, to Surfstitch, the Australian online action sports retailer in which Billabong International held a 51 percent majority stake until August 2013. Under the agreement, Quiksilver will get about US$16 million for its ...
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News briefs
Altamont Capital says it has made an investment in Huf...
Altamont Capital says it has made an investment in Huf Worldwide, the American brand of skate and street shoes founded in 2002 by a professional skater, Keith Hufnagel. It has also announced a partnership with Brixton, a California lifestyle apparel brand founded in 2004. Altamont is the San Francisco-based investment ...
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News briefs
El Segreto del Mar has gone into liquidation. The Spanish...
El Segreto del Mar has gone into liquidation. The Spanish company had been performing very well in the past decade as the parent of the El Niño, which it had built into a major local surf and action sports label. The company was founded in 2002 by Javier Guerra, a ...
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News briefs
GoPro, the American action camera company that went public in...
GoPro, the American action camera company that went public in June, raising $427 million, says it is planning a secondary offering worth a total of $800 million. Existing shareholders would sell shares worth $700 million and the balance of $100 million would come from newly issued shares. The additional funds ...
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News briefs
Compass Diversified Holdings (Codi) has launched a secondary offering of...
Compass Diversified Holdings (Codi) has launched a secondary offering of trust shares intended to raise up to $125 million to repay a portion of its credit facility. Codi is the parent company of Camelbak Products, Ergobaby and Liberty Safe. It is also a minority shareholder in Fox Factory, which is ...
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News briefs
Oxylane, the parent company of Décathlon, is changing its name...
Oxylane, the parent company of Décathlon, is changing its name back to Décathlon. The big French-based sports retailing group had decided to call itself Oxylane in March 2008 to act as the umbrella organization for many different specialty stores, but most of its international development has continued under the Décathlon ...
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News briefs
Poc has announced that its North American office will relocate...
Poc has announced that its North American office will relocate to Park City, Utah from Aspen, Colorado in early November. The Swedish action sport brand, recently acquired by Black Diamond, said the region is a hotbed for outdoor professionals and benefits from a major transport hub in Salt Lake City, ...
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News briefs
Performance Sports Group (PSG) has announced that funds managed by...
Performance Sports Group (PSG) has announced that funds managed by Kohlberg Management VI have sold 2 million common shares of the company for aggregate gross proceeds of C$37.5 million (€26.38m-$33.60m). PSG's products are marketed under the Bauer, Mission, Maverik, Cascade, Inaria, Combat and Easton brand names. Following the sale, Kohlberg ...
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News briefs
Martti Uusitalo, who ran Halti between 2009 and 2014, has...
Martti Uusitalo, who ran Halti between 2009 and 2014, has sold his shares in the Finnish company to the Ingman Group of shareholders, which now owns nearly 90 percent of the equity. Uusitalo, who recently acquired control of another Finnish firm, Vauhti Speed, has also left Halti's board of directors, ...
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News briefs
Preston Innovations, the England-based fishing brand, has been acquired by...
Preston Innovations, the England-based fishing brand, has been acquired by Zebco Brands, the fishing tackle business based in Tulsa, Oklahoma. The terms of the transaction were not disclosed. The acquisition of Preston brings its Korum, Avid Carp and Sonubaits brands under the Zebco banner. Zebco is owned by W.C. Bradley ...
