Announced
Financials
Tags
Majority
Apparel Retailers
brand management
Single Bidder
Public
United States
Privatisation
Domestic
Pending
Acquisition
Private Equity
Friendly
Synopsis
Lancer Capital, a private equity firm, agreed to acquire Iconix Brand Group, an American brand management company that licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries, for $585m. "After a thorough and deliberative examination of all potential strategic alternatives, the Board of Directors determined that the transaction with Lancer provides the best value for our stockholders. We expect that Iconix will continue developing its brands and supporting its partners as a private company," Bob Galvin, Iconix CEO.
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