Home / Knowledge / News / Apparel/Garments / Altamont Capital to acquire Dakine from Billabong
Altamont Capital to acquire Dakine from Billabong
16
Jul '13
Altamont Capital Partners (Altamont) announced that it has entered into an agreement to acquire DAKINE, an action sports and outdoor accessories and apparel company, from Billabong International Limited (Billabong).

DAKINE was founded in 1979 in Hawaii by Rob Kaplan and is based in Hood River, Oregon. The brand has developed a strong reputation as the action sports industry's leading provider of specialized backpacks, gloves, bags, and technical accessories.  An early pioneer in the wind surfing industry, DAKINE has expanded to serve the snowboard, ski, surf, skate, bike, and kite communities.

Commenting on the deal, Steve Brownlie, Principal at Altamont said: "DAKINE has a high quality brand, strong track record, and long history in the markets it serves – all of the qualities we look for in a consumer business.  There is a talented team at the company and we are excited to work with them to build on DAKINE's successful history and drive future growth opportunities."

The DAKINE acquisition is occurring concurrently with a recapitalization of Billabong led by Altamont and GSO Capital Partners.  Additional details regarding that transaction can be found in the Billabong press release "Refinancing of Syndicated Debt Facilities."

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area. Altamont is focused on investing in businesses where it can partner with leading management teams to help the companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries.

About DAKINE

Backed by a pro team roster that includes some of the world's top action sports athletes, DAKINE has been an industry leader in action sports accessories since 1979.  Founded in Hawaii and located at the base of Mt. Hood in Hood River, Oregon, DAKINE offers a complete range of innovative and quality products, including outerwear, sport-specific and lifestyle-driven backpacks, bags, travel gear and accessories. 

Altamont Capital Partners


Must ReadView All

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search