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Columbia Pacific sells three outdoor apparel brands
04
Apr '16
Columbia Pacific Advisors has completed the sale of three active outdoor apparel brands, Pow Gloves, Holden Outerwear and Spacecraft Collective all operating under the Pow Holdings, LLC umbrella.

Pow Gloves was sold to Rojo Australia, a snow apparel company based in Torquay, Australia, with strong international links in the snow market globally.

“Rojo has retained the executive team and is working on a business-as-usual approach for all markets,” a Columbia Pacific Advisors informed.

While, Holden Outerwear founded by professional snowboarder Mikey LeBlanc and designer Scott Zergebel, was sold to private investors and both LeBlanc and Zergebel will continue to work with the brand.

“Spacecraft Collective which makes headwear, apparel and accessories was sold to Omen Longboards, a skateboard company based in Lynnwood, Wash,” Columbia added in the press release.

Columbia Pacific Advisors further added that D.A. Davidson & Co., a nationwide investment bank, served as the exclusive financial advisor to Pow Holdings.

“We are pleased to have completed the sale along with finding appropriate buyers for each of these brands,” said Kevin Barber, managing director at Columbia Pacific.

Mike Smith, managing director at D.A. Davidson & Co also said, “It was a pleasure to work with Columbia Pacific and guide them toward a satisfactory outcome.”

Since the start of 2014, D.A. Davidson's dedicated active lifestyle consumer investment banking team has advised on eleven completed M&A transactions and five capital raises in the active lifestyle sector.

Columbia Pacific Advisors manages more than $1.1 billion across a variety of alternative investment strategies including private real estate, real estate lending, growth capital, private equity and distressed debt.

The firm utilises deep fundamental research and seeks to generate compelling, consistent risk-adjusted returns and was founded in 2006 by Alex Washburn, Stan Baty and Dan Baty. (AR)

Fibre2Fashion News Desk – India

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