Deal Details
Rip Curl Is Acquired by Kathmandu
Summary
Rip Curl (the “Company”) has been acquired by Kathmandu in a $350 million deal.
Baird served as a financial advisor to Rip Curl on this transaction.
About
Founded in 1969, Rip Curl offers a range of surf-related products, from highly technical wetsuits, boardshorts and swimwear to beach lifestyle apparel, equipment and accessories. The Company has a strong brand awareness around the world and operates an extensive network of retail stores and wholesale relationships across Australia, New Zealand, Europe, North America, South America, South Africa and South East Asia. Rip Curl is headquartered in Torquay, Australia.Born from a desire to make outdoor adventure more comfortable and accessible to everyone, the Kathmandu journey originated in New Zealand and the first retail store was opened in Melbourne’s Hardware Lane in 1987. Kathmandu is now a global outdoor apparel and equipment brand with over 160 retail stores in Australasia, four online stores and a wholesale presence in the United Kingdom and the United States of America. In 2018 Kathmandu acquired Obōz, a premium US based outdoor footwear brand. Kathmandu is headquartered in Auckland, New Zealand.
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- Date
- November 2019
- Company
- Rip Curl
- Transaction
- M&A - Sellside
- Sectors
- Consumer
- Verticals
-
Performance & Lifestyle Apparel and Footwear
- Target Geography
- Other
- Acquiror Geography
- Other
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