Jan Cameron, the founder of Kathmandu, an outdoor company from New Zealand, has reportedly bought a stake worth 20 million Australian dollars (€14.9m-$21.1m) in Macpac Outdoors, a rival from the same country. Cameron sold Kathmandu for about A$275 million (€204.9m-$289.9m) in 2006 to a group of private equity firms that later floated it on stock exchanges in Australia and New Zealand. At the time of the sale five years ago, Kathmandu imposed a non-compete agreement preventing Cameron from starting a rival company, but this restraint expired last May (more in The Outdoor Industry Compass).