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Announced

Bain Capital-backed BSN SPORTS to acquire the team sales business from Foot Locker.

Financials

Transaction Value

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Consideration Type

Cash

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Transaction Tags

Domestic

Single Bidder

Pending

Private Equity

Private

Friendly

United States

athletic footwear

Acquisition

Apparel Retailers

Majority

Synopsis

Bain Capital-backed BSN SPORTS, a marketer, manufacturer and distributor of sporting goods apparel and equipment, agreed to acquire the team sales business from Foot Locker, a sportswear and footwear retailer. Financial terms were not disclosed. "We are excited that the employees of Eastbay Team Sales will be joining the BSN SPORTS family, which is dedicated exclusively to serving athletes, athletic directors and coaches who impact more lives in a year than most people do in a lifetime. This dedicated approach means that our new Sales Professionals will benefit from the best and broadest inventory selection, leading design and customization tools and support resources as they deliver the stellar service experience all customers deserve. We welcome the Eastbay Team employees to the BSN SPORTS family and look forward to a productive and rewarding integration of our teams headed into the 2022-2023 school year," Terry Babilla, BSN SPORTS President.

Sources

Press Release

Foot Locker

Press Release

BSN SPORTS

Financials

Transaction Value

+ Add

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

+ Add

EV/EBITDA

+ Add

Share Price Premium

+ Add

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