Stuttgart – U.S. based and NASDAQ listed Escalade, Incorporated, sold its information security business to a portfolio company of PHI Fund II, a private investment firm based in Madrid, Spain. The sale was accomplished through the purchase and sale of the stock of the worldwide Escalade subsidiaries engaged in the information security business and of certain U.S. assets relating to that business.
Escalade, a manufacturer and international distributor of sporting goods was advised by U.S. law firm Graydon Head and CMS Hasche Sigle. CMS Hasche Sigle was engaged for the coordination of the sale process, including negotiation of the transaction documentation. CMS Hasche Sigle also advised on the international aspects of the transaction, involving CMS offices in Beijing, Rome and Madrid as well as law firms in Sweden and South Africa.
Evansville, Indiana, based Escalade with a current market capitalization of USD 165 million and sales (per 28 December 2013) of USD 164 million with this divestiture underlines its strategic plan focused on the Sporting Goods industry.
PHI II Fund is part of PHI Industrial Acquisitions which operates with an innovative and entrepreneurial business model and with this transaction completed its fifth acquisition in 2014.
Dr Udo Simmat, Private Equity, M&A
Dr Tobias Schneider, Private Equity, M&A
Dr Johannes Braun, Private Equity, M&A
Dr Ulrike Glück
Luis Miguel de Dios Martínez
Lucía Rodríguez Pérez
Rafael Sánchez Jiménez
Setterwalls Advokatbyrå (Sweden)
Webber Wentzel (South Africa)
Richard G. Schmalzl, Esq.
Henry G. Alexander, Esq.