Sale to K•Swiss Global Brands

Consumer
Sale to K•Swiss Global Brands

Summary

Baird served as the exclusive financial advisor to One Distribution, SARL on this transaction.

About

One Distribution, SARL (“One Distribution” or the “Company”), a portfolio company of Bertram Capital Management, LLC (“Bertram”), was recently acquired by K•Swiss Global Brands (“KSGB”), a division of The E.Land Group (“E.Land”). Terms of the transaction were not disclosed.

One Distribution is a skate-inspired apparel and footwear manufacturer and parent company of SUPRA Footwear (“SUPRA”) and KR3W Denim Co. (“KR3W”). Founded in 2006, SUPRA quickly became one of the largest successful independent sneaker brands through innovation and style. Inspired by passion, SUPRA fuses fashion, music, skateboarding, art and street to bring classic silhouettes to those who demand unique designs. Famous for its Skytop shoe, SUPRA has evolved as a globally relevant lifestyle brand. Today, SUPRA operates flagship stores in Santa Monica, New York City, Paris, Mexico City and Tokyo and distributes to over 60 countries through a network of select skate shops and high-end boutiques. KR3W, an apparel brand born from skate culture, began in 2003. The brand is influenced by the diverse Southern California culture and inspired by the pursuit of never settling. The brand made its name in denim, and changed the young men’s denim paradigm with the introduction of its K Slim Denim Jean using an innovative stretch fabric and a narrow profile. KR3W has since expanded its apparel range, successfully blurring the lines between skate and fashion, while maintaining its ‘Dark Americana’ aesthetic. One Distribution’s United States headquarters are in Fountain Valley, California.

Bertram Capital is a private equity firm with over $850 million in capital under management, targeting investments in lower middle market companies. By supplying flexible investment capital and committing a wealth of operational and strategic resources to each investment, Bertram’s core objective is to move companies, management teams, and employees toward unlocking their full potential. Bertram is based in San Mateo, California.

K•Swiss Global Brands, also known as K•Swiss Inc., is a division of The E.Land Group serving as E.Land’s base of operations in the Americas and EMEA. KSGB owns a growing portfolio of global lifestyle brands including K•Swiss, Palladium, PLDM, OTZ Shoes, SUPRA Footwear and KR3W Denim Co. KSGB is globally headquartered in Westlake Village, California with offices in Toronto, Fountain Valley, Haarlem, Lyon, Barcelona, Sydney, Dongguan, Hong Kong and Taipei. KSGB conducts business in more than 100 countries worldwide and will operate up to 500 proprietary retail stores globally by year-end 2015.

Established in 1980 in Korea, E.Land has grown to become one of the largest South Korean conglomerates, primarily specializing in fashion and retail distribution. E.Land is Korea's first and largest integrated fashion and retail company, with operations spanning nine different countries across three continents, including Korea, China, India, the United States, Italy and the United Kingdom. Comprised of over 60 affiliated entities, E.Land offers close to 200 brands and operates more than 10,000 stores worldwide, recording approximately $10 billion of revenues in 2014. In addition to K•Swiss Global Brands, E.Land’s newer businesses include restaurants, construction and leisure.

For additional information about this transaction, please contact:

Joe Pellegrini +1 (704) 553-6612
Andrew Martin +1 (704) 553-6615
Jeff Seaman +1 (312) 609-4687
Katie Melzer +1 (415) 627-3272
Consumer
Sale to K•Swiss Global Brands
Date
May 2015
Company
One Distribution, SARL
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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