LONDON (Reuters) – U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros ($1.67 billion), sources told Reuters.
Indian motorcycle maker Bajaj Auto and several buyout funds are also preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen .
A deal with Harley-Davidson would … More
K2 parent company Newell Brands Inc. has signed an agreement to sell its winter sports businesses, which include other brands Ride, Völkl, Marker, Dalbello, Madshus, Line, Full Tilt, Atlas, Tubbs, BCA, to Kohlberg & Company, L.L.C., a private equity firm specializing in middle-market investing.
The sale of the winter sports division is part of Newell Brands’ ongoing strategy to accelerate growth by simplifying and strengthening its portfolio, according to … More
On Wednesday, just two days after sending shockwaves through the skiing industry with its $1.5 billion purchase of Intrawest Resorts, Aspen Skiing Company/KSL Capital Partners alliance announced in a press release that it would be purchasing Mammoth Resorts and its four subsidiary California ski resorts for an undisclosed sum of money.
The purchase gives Aspen Skiing Company control of four Southern California resorts — Mammoth Mountain, Bear Mountain, Snow Summit and June Mountain. Those four resorts feature over … More
Pon Holdings, a Dutch company that already owns Focus, Gazelle, Cervélo, and who bought Santa Cruz in 2015, has made an offer to purchase the Accell Group for a whopping $895 million USD (€845 million). Accell Group is home to Diamondback, Raleigh, Ghost, Winora, Lapierre, and Haibike, so if the marriage between Pon and Accell were to happen, it would create one of the largest, if not the largest, cycling conglomerates in the world. Pon says that the €845 million offer boils down to … More