mobianna.blogg.se - Sequential brands group active division

#SEQUENTIAL BRANDS GROUP ACTIVE DIVISION FULL#
#SEQUENTIAL BRANDS GROUP ACTIVE DIVISION PRO#

This bolt-on acquisition will seamlessly integrate into Sequential’s Active Division, which is currently anchored by the AND1 and AVIA brands. Supportive Financial Partners: Debt financing for Sequential provided by Blackstone’s GSO Capital Partners and Bank of America Merrill LynchĪs part of the transaction, Sequential will acquire GAIAM’s yoga, fitness and wellness product business - which includes the GAIAM and SPRI brands - with expansive distribution through Amazon, Kohl’s, Target, and Bed Bath & Beyond, among other leading retailers and e-commerce channels in the U.S.Seamless Bolt-On: Brand fits in Company’s existing Active Division without incremental overhead & without integration period.Strong Growth Potential: Allows Sequential to further tap into growing athletic market of consumer goods.Margin Expansion for Sequential: Acquisition expected to widen Adjusted EBITDA margin for Sequential by more than 300 basis points.Significant Minimum Royalties Secured: Post closing, Sequential’s total guaranteed minimum royalties expected to increase from approximately $360 million to over $500 million.

#SEQUENTIAL BRANDS GROUP ACTIVE DIVISION PRO#

Increasing Pro Forma Projection: Sequential’s pro forma annual financial projections being increased to $172 - $177 million of Revenue and Adjusted EBITDA of $112 - $115 million.

#SEQUENTIAL BRANDS GROUP ACTIVE DIVISION FULL#

Acquisition Immediately Accretive to Sequential Earnings: Deal expected to add approximately $22 million of Revenue and $20 million of Adjusted EBITDA on a full year run rate basis.

Business Being Converted to Sequential’s Asset-Lite Business Model: Sequential secured new license agreements for core categories that will become effective upon closing new license partners are acquiring working capital on closing directly from GAIAM and paying approximately $21 million.

(NASDAQ:GAIA) (“GAIAM”) for a total purchase price of approximately $146 million in cash.Ī photo accompanying this announcement is available at (NASDAQ:SQBG) (“Sequential” or the “Company”) announced today that it has signed a definitive agreement to acquire the branded consumer product business from GAIAM, Inc. NEW YORK, (GLOBE NEWSWIRE) - Sequential Brands Group, Inc.