Deal Details

POC Is Acquired by Investcorp

Consumer

Black Diamond sale of its equity interest in POC to Investcorp

Summary

Black Diamond, Inc. (NASDAQ:BDE) (“Black Diamond”) has completed the sale of its equity interest in POC for $65.0 million, subject to customary purchase price adjustments, to Investcorp (Bahrain Bourse Stock Exchange:INVCORP).

Baird served as financial advisor to Black Diamond on this transaction.

About

POC’s quest is to provide athletes and consumers with the highest standard of personal protection. POC’s product line includes skiing and cycling helmets, body armor, goggles, eyewear, gloves and gear, which are currently sold across 27 countries worldwide. POC was founded in 2004 and is based in Stockholm, Sweden.

Black Diamond is a global leader in designing, manufacturing and marketing active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a wide range of other year-round outdoor recreation activities. Black Diamond’s products are primarily sold under its principal brands, Black Diamond® and PIEPS™, and are offered in approximately fifty countries. Black Diamond is headquartered in Salt Lake City, Utah.

Investcorp is a leading provider and manager of alternative investment products and has $10.6 billion in total assets under management and invests in a variety of assets including businesses, corporate investments, real estate and hedge funds. An Investcorp portfolio company, Dainese (acquired in 2014), also provides protective gear for wintersports and biking, as well as for motorcycles and horse riding. The Investcorp Group has offices in Bahrain, New York, London, Saudi Arabia and Abu Dhabi.

Consumer

Black Diamond sale of its equity interest in POC to Investcorp