All M&A articles – Page 2

  • 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 ...

  • News briefs

    Fanatics acquires Top of the World from Vetta


    Fanatics , the Florida-based provider of sports merchandise, is acquiring some of the assets of Vetta Brands , which is currently under liquidation. Chief among these assets is Top of the World , which, until the Covid-19 pandemic wiped out its business, had been manufacturing hats for hundreds of college ...

  • DW Sports

    Frasers Group to acquire some of DW’s gyms and stores


    Frasers Group says that it has bought some of the gyms and sports stores of its rival Dave Whelan Sports group out of administration for £37 million (€41m-$48m). Its revenues wiped out by the coronavirus lockdown, DW Sports was placed in the hands of BDO Business Restructuring ...

  • News briefs

    Hurley family acquires Simple


    Through Simple Shoes – a new entity operating within its Kandui Holdings – the Hurley family has acquired the outstanding assets and intellectual property of the Simple skate shoe brand from KTSimple . The Simple brand was founded in the 1990s by Eric Meyer but ...

  • Rossignol

    Rossignol sells Raidlight to its founder


    The Rossignol Group has announced the sale of Raidlight Vertical , a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail ...

  • News briefs

    BasicNet buys back Kappa Japan from China’s DongXiang


    BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” ...

  • News briefs

    Humanoo acquires WePulse


    The German digital health platform Humanoo has acquired the French platform WePulse to gain a foothold in France. Both serve the enterprise market and provide exercise tracking and incentives. As of next year, under the Humanoo brand, the two companies will be handling the traffic of some 500,000 ...

  • News briefs

    HG x2 Partial management buy-out for Globus


    Globus , the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to t ake over the Swiss group this past February from ...

  • News briefs

    Germany’s RSG Group to acquire Gold’s Gym


    According to SGB Media , RSG Group , Germany’s largest chain of gyms, has submitted a winning bid of $100 million to acquire Gold’s Gym , an American chain founded in 1965 in Venice Beach, California, well known for its role in the rise of bodybuilding. The original Gold’s Gym ...