Nixon Watches - Purchase

Purchase

In December of 2006, Nixon was acquired by Billabong International for approximately US$55 million and a deferred payment of approximately US$76 million in FY 2012.

During the spring of 2012, after six years under the Billabong umbrella of brands, Nixon once again became an independent brand. Nixon established an agreement with Trilantic Capital Partners (“TCP”) and Billabong, each of which now owns a 48.5% stake in the brand, with the balance 3% held by Nixon management, including Laats and DiNenna. The resulting transaction values Nixon at approximately US$464 million, representing a multiple of approximately 9.2x LTM EBITDA.

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Famous quotes containing the word purchase:

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    David Hume (1711–1776)

    O, let us have him, for his silver hairs
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    William Shakespeare (1564–1616)

    When thou, poor Excommunicate
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    The full reward and glorious fate
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    Thomas Carew (1589–1639)