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:

    How happy a thing were a wedding,
    And a bedding,
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    For a twelvemonth and a day;
    Thomas Flatman (1637–1688)

    O, let us have him, for his silver hairs
    Will purchase us a good opinion,
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    William Shakespeare (1564–1616)

    Riches are valuable at all times, and to all men; because they always purchase pleasures, such as men are accustomed to, and desire: Nor can any thing restrain or regulate the love of money, but a sense of honour and virtue; which, if it be not nearly equal at all times, will naturally abound most in ages of knowledge and refinement.
    David Hume (1711–1776)