M&A Deal Summary

Quiksilver Acquires Billabong International

On January 5, 2018, Quiksilver acquired retailer Billabong International from Altamont Capital Partners

Acquisition Highlights
  • This is Quiksilver’s 1st transaction in the Retail sector.
  • This is Quiksilver’s 1st transaction in Australia.

M&A Deal Summary
Date 2018-01-05
Target Billabong International
Sector Retail
Buyer(s) Quiksilver
Sellers(s) Altamont Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Deutsche Bank Corporate & Investment Banking
Macquarie Capital (Financial)

Target

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.

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Buyer(S) 1

Buyer

Quiksilver

Huntington Beach, California, United States
Category Company
Founded 1969
Sector Apparel/Textiles
Employees6,100
Revenue 1.6B USD (2014)
DESCRIPTION

Quiksilver, Inc. designs, produces and distributes branded apparel, footwear and accessories. The company’s apparel and footwear brands represent a casual lifestyle for young-minded people who connect with its boardriding culture and heritage.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Australia) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 Quiksilver - Apparel Brands

Huntington Beach, California, United States

Quiksilver, Inc. - Apparel Brands includes Tony Hawk® and Hawk® signature apparel brands.

Sell $19M

Seller(S) 1

SELLER

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 7 of 16
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 5 of 8
Country (Australia) 1 of 1
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 HUF WORLDWIDE

Los Angeles, California, United States

HUF WORLDWIDE, Inc. is a designer and wholesaler of premium apparel and footwear.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Alamo Drafthouse Cinema

Austin, Texas, United States

Alamo Drafthouse Cinemas is a dine-in movie theater chain, operator, and franchisor of over 30 locations nationwide. Alamo Drafthouse Cinema is based in Austin, Texas.

Buy -
Mergr

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