Funds advised by Apax Partners announced today the acquisition of Spyder Active Sports, Inc., the leading alpine outerwear brand, in a transaction valued at approximately $100 million. The company has partnered with Apax Partners to continue to expand its product line and build on the momentum of the brand.
David Landau, Partner, Apax Partners, said, “Spyder is a strong brand that is growing rapidly, based on differentiated product that is recognized for superior performance and quality. We are excited to be partnering with the Spyder team as they continue to grow the business.”
David Jacobs, the founder and CEO of Spyder, and former Canadian Downhill Ski Champion, will continue to lead the Spyder team. “We are excited to join with Apax Partners at this stage of Spyder's growth. Apax Partners has a great track record and tremendous expertise and relationships in the retail and consumer sector. This will be helpful as Spyder pursues new opportunities to broaden our product line to include multiple seasons and other action sports, all while remaining focused on our core high-end customer.”
Spyder was advised in this transaction by Financo, Inc., and Wachovia Securities. Some of Apax Partner's Funds retail and consumer investments include: Performance Inc., Philips-Van Heusen/Calvin Klein, Life Time Fitness, Office Depot, and Sunglass Hut.
