ASB MAGAZINE: On schedule, today the 24th April Boardriders, Inc. has completed the acquisition of Billabong International Limited. It’s a major milestone for our industry as the combination of these two businesses creates the world’s leading action sports company with sales to over 7,000 wholesale customers in more than 110 countries, owned e-commerce capabilities in 35 countries, and over 630 retail stores in 28 countries. Read todays announcement below and standby for our feature interview with Boardriders CEO Dave Tanner and Global & APAC President Greg Healey very soon.
The acquisition brings some of the most coveted brands in the industry to the Boardriders family, including Billabong, RVCA, Element, VonZipper, Xcel, Kustom and Palmers.
“Today marks the beginning of what will be a turning point for our industry,” said Dave Tanner, Chief Executive Officer of Boardriders Inc. “With the combination of Boardriders and Billabong, we bring together the best of both companies, creating a dynamic enterprise under the Boardriders umbrella.”
Boardriders is dedicated to respecting and nurturing the heritage of each of its historic brands. The integration of the companies will be a multi-year process and is being managed by a combination of executives from both companies, empowering their iconic brands and driving growth across the globe.
Advisors and financing: SCOPE Advisors LLC served as lead financial advisor for Boardriders. Macquarie Capital, BofA Merrill Lynch, and Deutsche Bank Securities Inc. also served as financial advisors to Boardriders. Kirkland & Ellis LLP and Gilbert + Tobin served as legal counsel to Boardriders. Deutsche Bank Securities Inc., BofA Merrill Lynch and Macquarie provided acquisition financing to Boardriders. Goldman Sachs served as financial advisors to Billabong. Allens served as legal counsel to Billabong.
VIA PRESS RELEASE