sale to Investcorp

Consumer
sale to Investcorp

Summary

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

About

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).

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.

For additional information about this transaction, please contact:

Joe Pellegrini +1 (704) 553-6612
Andrew Martin +1 (704) 553-6615
Maria Watts +1 (312) 609-4743
Kevin McGee +1 (312) 609-5483
Terry Huffine +44 207 667 8430
Consumer
sale to Investcorp
Date
October 2015
Company
POC
Transaction
M&A
Sectors
Consumer
Target Location
Europe
Acquiror Location
North America

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