KMD - Kathmandu

[silverblizzard888]

Its not a bad acquisition esepcially for diversifying the company and aiming for a global position for the long term.
The brand itself is a ebstablish but slow growing one, so the acquisition is really about utilising debt and trying to sell Kathmandu products on a global stage using the channels Ripcurl has already established.

Number wise it adds:
$169 million in new equity, $231 million in new debt ($400 million nzd total).
$52 million in ebitda added.

The timeline of Ripcurl is what interests me, showing a truly global reach that Kathmandu wants:
1990 - Expanded its licensee base in theUS, France and Argentina
1997 -Acquired a wetsuitmanufacturing facility inThailand
2000- Established a jointventure with a Brazilianlicensee, acquiring themsoon after
2005 - Acquired full Indonesianoperation from the company’slong term licensees
2011 - Acquired Ozmosis andWaves surf retail chains
2015 - EstablishedJapanese subsidiary