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

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.