All M&A articles

  • News briefs

    Sweden’s Stronger has a new owner


    Stronger, a Swedish brand of women’s sports apparel, is now under the control of the Danish-Swedish venture capital firm Polaris , a specialist in Nordic mid-caps, which has won a bidding war to acquire a 51 percent stake in the company. The sales price has not been disclosed, but ...

  • News briefs

    SmartFlex paddings change ownership


    G-Form has been acquired by a Greenwich, Connecticut-based investment company, Eldridge Industries . Details of the purchase price were not disclosed. G-Form is known for its patented SmartFlex impact protection technology used for a variety of team sports including baseball, soccer, field hockey and basketball as well as ...

  • News briefs

    Peloton completes the acquisition of Precor


    Peloton Interactive has completed its acquisition of Precor , the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash ...

  • News briefs

    Frasers acquires retail park near Manchester


    Frasers Group has acquired the estate of the Robin Retail Park in the town of Wigan, just outside Manchester in the U.K. The terms of the sale have not been disclosed. According to Drapers , however, Otium Real Estate paid £12 million (€14m-$17m) for the property in March ...

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    News briefs

    SRAM buys Time Sport’s pedal business from Rossignol


    Groupe Rossignol had already announced the disposal of the carbon frame and fork productio assets of Time Sport International , including its RTM Composite factory, to a French-American investment and management company, the Cardinal Cycling Group. Rossignol has now found a well-known buyer for its remaining bike ...

  • Reebok

    Adidas has decided to divest Reebok


    Having completed a month-long review of the brand, the Adidas Group has decided to begin a “formal process” to divest the Reebok brand. The other option would have been to keep it in-house. The German sportswear giant had originally planned to make an announcement on March 10, during ...

  • News briefs

    Rossignol finds a new buyer for some of Time's assets


    Rossignol has sold many of the bike frame manufacturing assets of Time Sport International to Cardinal Cycling Group of Little Rock, Arkansas. Rossignol had originally planned to make the sale to WhaTTfornow , but this French e-bike producer pulled out of the deal for lack of ...

  • News briefs

    Nike acquires a data integration firm


    Nike has acquired Datalogue , a high-tech company founded in 2016 that operates out of New York City. Datalogue has built a proprietary machine-learning platform to siphon information from apps, supply-chain systems, enterprise data and so forth. According to John Donahoe , Nike’s president and CEO, the acquisition will ...

  • News briefs

    Under Armour completes the sale of MyFitnessPal


    Under Armour has announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners , a global investment firm specializing in technology businesses and headquartered in San Francisco. As previously announced by Under Armour in a news release on Oct. 30, the sale has a ...

  • Peloton

    Peloton prepares to acquire Precor


    Peloton Interactive has entered into an agreement to acquire Precor , the American producer of fitness equipment products, for $420 million. Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports , which has been taken over by a consortium ...

  • News briefs

    Fanatics acquires WinCraft


    As Sports Business Daily reports, Fanatics has acquired WinCraft , in a move that will diversify the company’s reach beyond its core licensed apparel business. Established in 1961, WinCraft is a producer of sports-themed hardgoods and other non-apparel items. The company generates about $100 million in annual revenues, ...

  • News briefs

    JD may be serious about Debenhams


    JD Sports Fashion has reportedly entered exclusive negotiations for the acquisition of Debenhams , the struggling British department store chain, with FRP and Lazard , which are advising the bankrupt company’s receivers. According to the reports, JD is particularly attracted by Debenhams’ website and the locations of some ...

  • Callaway_Logo

    Callaway to merge with Topgolf


    Callaway Golf Co. and the Topgolf Entertainment Group, a major U.S.-based operator of golf driving ranges, have agreed to merge in an all-stock transaction. It’s an interesting way of creating a vertically integrated operation, without offending Callaway’s wholesale partners and it bears some similarities with what Peloton ...

  • News briefs

    Many PE firms are reportedly eyeing Canyon Bicycles


    Citing anonymous sources, Bloomberg has reported that a number of private equity firms – such as the Carlyle Group , KKR Co. , Advent International , Apax Partners , General Atlantic and Permira – are considering takeover bids for Canyon Bicycles . The German company ...

  • News briefs

    Zalando acquires producer of 3D virtual bodies


    Zalando has acquired Fision , the Swiss producer of a body-scanning app and virtual dressing room. The Swiss company’s system creates 3D virtual bodies and clothing models on a platform called meepl . The Berlin-based European e-tailer already uses customer histories on purchases and returns to generate advice on ...

  • News briefs

    Alibaba takes control of Auchan's Chinese grocery chain


    Alibaba Group Holding is investing about $3.6 billion in the Sun Art Retail Group , which operates hypermarkets and supermarkets in China. Sun Art’s current chief executive, Peter Huang , will be taking on the additional post of chairman. The deal will raise Alibaba’s stake in Sun Art to ...

  • News briefs

    Nautilus sells Octane Fitness


    True Fitness Technology acquired Octane Fitness from Nautilus for $25 million on Oct. 14, assuming $3 million in warranty liabilities and $0.5 million in vendor recourse lease obligations. The chief executive of Nautilus, Jim Barr , says in the company’s press release that the sale should “streamline ...

    News briefs

    Head takes over Indigo

    2020-10-07T16:19:00Z has reported that Head N.V., the holding company of Head Sports, has taken over Indigo , a Munich-based ski producer that filed for bankruptcy protection in April. Indigo is best known as the exclusive licensee of Bogner and its Fire+Ice sub-brand for skis and ski ...

  • News briefs

    Two Norwegian distributors join forces


    Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic . As reported by the Norwegian Sports Industry Association , Invest42 , until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response ...

  • News briefs

    A new Iberian distribution company, Excens Sports, for Fischer and other brands


    Spain’s Excens Group , which owns several outdoor and bike brands, has moved into wholesale distribution, acquiring the Iberian distribution rights for the Fischer , Smith , Barts , Level and Polaroid brands. To handle them, it has created a distribution company called Excens Sports . The ...