Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking horse bid” for these properties at $333 million in August. Based in New York and supported by KKR, Galaxy already owns Hi-Tec, Magnum, Interceptor and Tony Hawk. It is already a licensee for And1, Avia, Justice and London Fog.

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