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Announced

Gainline Capital-backed Galaxy Universal to acquire Active Brands from Sequential Brands.

Financials

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Transaction Value£239m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Clothing and Accessories

Single Bidder

brands

Pending

Private Equity

Friendly

United States

Acquisition

Domestic

Synopsis

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Gainline Capital-backed Galaxy Universal, a wholesale, sourcing and brand management company, agrees to acquire Active Brands, 4 brands including And1, Avia, Gaiam and SPRI, from Sequential Brands, an owner and promoter of consumer brands, for $330m. KKR participated as a co-investor. "The rich heritage of these brands combined with the passion, experience and unrivaled track record of Mr. Esses and his team distinguishes this investment. We are thrilled to support this team and advance the Galaxy partnership as the company expands and future acquisition opportunities present themselves," Allan Weinstein, Gainline Managing Partner.

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