Quiksilver acquires Billabong
American investment management firm Oaktree Capital Management announced the full acquisition of the Australian surf company Billabong. The deal is worth $299m (A$380), and has been officially confirmed by Billabong International Limited. Oaktree already holds 19 percent of the shares in Billabong. The acquisition is made through Boardriders, the firm owned by Oaktree that controls Quiksilver, […]
American investment management firm Oaktree Capital Management announced the full acquisition of the Australian surf company Billabong. The deal is worth $299m (A$380), and has been officially confirmed by Billabong International Limited. Oaktree already holds 19 percent of the shares in Billabong. The acquisition is made through Boardriders, the firm owned by Oaktree that controls Quiksilver, Roxy, and DC Shoes. The new combined company gives birth to the world’s leading action sports conglomerate with 630 retail stores in 26 countries, and global sales of around $2b.
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