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.
Read more about this topic: Nixon Watches
Other articles related to "purchase, purchases":
... Under the Isle of Man Purchase Act, the Atholls still retained their manorial rights, the patronage of the bishopric, and certain other perquisites ... An Act empowering the Lords of the Treasury to Purchase all the Manorial Rights of the Duke of Atholl in the Isle of Man" 10 June 1824 "An Act to empower the ...
... Proof of purchase is often required for sales promotions and manufacturer rebates as evidence that the customer purchased the product ... When multiple purchases are required to redeem these rewards, it is referred to as a premium incentive or collector mechanic ... Traditional proof of purchase systems required the consumer to send some portion of the packaging, as defined by the product's manufacturer, or the sales invoice ...
... In February 2000, Abramoff became involved in the purchase of SunCruz Casinos, a Florida-based cruise line which ran "cruises to nowhere" into international waters ... Scanlon was not a partner in the deal but assisted in the purchase, by contacting Neil G ... a non-existent down payment used to obtain financing for the purchase ...
Famous quotes containing the word purchase:
“How happy a thing were a wedding,
And a bedding,
If a man might purchase a wife
For a twelvemonth and a day;”
—Thomas Flatman (16371688)
“O, let us have him, for his silver hairs
Will purchase us a good opinion,
And buy mens voices to commend our deeds.”
—William Shakespeare (15641616)
“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 (17111776)