M&A Deal Summary

Crystal Capital and Altamont Capital Partners Acquire Dakine

On July 16, 2013, Crystal Capital and private equity firm Altamont Capital Partners acquired consumer products company Dakine

Acquisition Highlights
  • This is Crystal Capital’s 2nd and Altamont Capital Partners’ 1st transaction in the Consumer Products sector.
  • This is Crystal Capital’s 22nd and Altamont Capital Partners’ 9th transaction in the United States.
  • This is Crystal Capital’s 1st and Altamont Capital Partners’ 1st transaction in Oregon.
Investment Fate
  • Dakine was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2013-07-16
Target Dakine
Sector Consumer Products
Buyer(s) Crystal Capital
Altamont Capital Partners
Deal Type Recapitalization

Target

Dakine

Hood River, Oregon, United States
Dakine is an outdoor sports and lifestyle brand offering backpacks, luggage, gloves and other technical accessories used by enthusiasts across multiple action sports segments such as ski/snowboarding, surfing, biking, and skating.

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Buyer(S) 2

Buyer

Crystal Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.


DEAL STATS #
Overall 26 of 32
Sector: Consumer Products M&A 2 of 2
Type: Recapitalization M&A Deals 7 of 8
State: Oregon M&A 1 of 1
Country: United States M&A 22 of 27
Year: 2013 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 iGPS

Orlando, Florida, United States

iGPS operates the world’s first pallet rental service providing shippers and receivers with lightweight, 100 percent recyclable all-plastic pallets with embedded RFID tags. Its highly engineered platform—the world’s most advanced shipping pallet—is rapidly replacing wood as the platform of choice among the world’s most innovative companies. Businesses that switch from wood pallets to iGPS realize game-changing savings—as much as $2 per unitized load—thanks to lower transport costs, reduced production downtime, reduced product damage and fewer rejected loads. iGPS was founded in 2006 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-06 Active International

London, United Kingdom

Active International consults and engages with the Fortune 1000 on ways to optimize companies’ assets, typically excess consumer packaged goods, real estate and capital equipment.

Buy -
Buyer

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.


DEAL STATS #
Overall 10 of 49
Sector: Consumer Products M&A 1 of 3
Type: Recapitalization M&A Deals 2 of 2
State: Oregon M&A 1 of 1
Country: United States M&A 9 of 43
Year: 2013 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Billabong International

Burleigh Heads, Australia

Billabong International Ltd. is a wholesaler and retailer of hard and soft goods in the board sports sector. Billabong International was founded in 1973 and is based in Burleigh Heads, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 Mervin Manufacturing

Seattle, Washington, United States

Mervin Manufacturing is a producer of snowboards and other board sports equipment selling under its Lib Tech and GNU brands and as a licensee of the ROXY brand. Mervin Manufacturing is based in Seattle, Washington.

Buy -