Quiksilver parent company wants to acquire Billa - sportstextiles: Lea SportsTextiles

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Quiksilver parent company wants to acquire Billabong

01/12/2017
Sports brand Billabong has confirmed receipt of a “confidential, indicative and non-binding proposal” to be acquired by Boardriders. Boardriders is the parent company of surf and snowsports brand Quiksilver. The company changed its name to Boardriders after emerging from bankruptcy in February 2017.

A venture capital firm called Oaktree Capital Management is the key piece in the jigsaw here. Post-bankruptcy, Oaktree has a majority interest in Boardriders. It is also one of two main sources of funding for Billabong and has a 19% stake in the Australian company.

The proposal is subject to a number of conditions and may not result in a formal offer for Billabong.


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