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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
VF, Altamont Offer $556 For Billabong

VF owns the North Face, Wrangler, Timberland and Nautica brands

Retail brand owner VF Corp. (NYSE: VFC) and private equity firm Altamont Capital Partners have submitted an offer to buy Billabong International Ltd. (ASE: BBG) for $556 million.

The price works out to $1.10 per share in cash. Billabong's shares closed at $0.90 on Jan. 11.

Billibong has agreed to let VF and Altamont conduct due diligence to evaluate the business.

VF is interested in the Billabong brand, as it’s consistent with its desire to buy in the action sports sector. The company owns the North Face, Wrangler, Timberland, Vans, Lee, 7 For All Mankind, Reef, Nautica, JanSport and other brands.

San Fransico-based Altamont has invested in J.D. Byrider, ModernHealth and Omniplex. In December, the firm invested in Tacala LLC and Boom Foods LLC. 

The offer comes on the heels of many other deals in the retail sector, including TA Associates’ purchase of Dutch LLC, Vida Shoes’ purchase of Andre Assous and Gap Inc.’s (NYSE: GPS) purchase of Intermix Holdco Inc. 

The offer exemplifies the interest companies have in the outdoor-performance wear sector. For more, see "Outdoor Performance Poised to Take Off."

 

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