M&A Deal Summary

KMD Brands Acquires Rip Curl

On October 1, 2019, KMD Brands acquired apparel/textiles company Rip Curl for 350M AUD

Acquisition Highlights
  • This is KMD Brands’ 1st transaction in the Apparel/Textiles sector.
  • This is KMD Brands’ largest (disclosed) transaction.
  • This is KMD Brands’ 1st transaction in Australia.

M&A Deal Summary

Date 2019-10-01
Target Rip Curl
Sector Apparel/Textiles
Buyer(s) KMD Brands
Deal Type Add-on Acquisition
Deal Value 350M AUD

Target

Rip Curl

Torquay, Australia
Rip Curl is an iconic Australian global action sports brand, and a designer, manufacturer, wholesaler and retailer of surfing equipment and apparel. Rip Curl offers surf-related products, from highly technical wetsuits, boardshorts, swimwear and watches to beach lifestyle apparel, equipment and accessories. It operates a multi-channel model across the wholesale, retail and online channels, and has a global presence across Australia, New Zealand, North America, Europe, South East Asia and Brazil.

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Buyer(S) 1

Buyer

KMD Brands

Christchurch, New Zealand

Category Company
Founded 1987
Sector Retail
Employees2,041
Revenue 971M AUD (2024)
DESCRIPTION

KMD Brands is a retail seller of outdoor clothing and equipment for travel and adventure; products: active wear, outerwear, insulation, travel and urban clothing, kids, footwear, travel packs, sleeping bags etc. KMD Brands was founded in 1987 and is based in Christchurch, New Zealand.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1