Spyder Put Up for Sale
Ski clothing company could net $150 million
Ski apparel manufacturer Spyder may change hands for the second time in eight years after the private-equity group that owns it put it up for sale. Apax Partners, which bought Spyder in 2004 for $100 million, has attempted, unsucessfully, to sell the company at least once before. They are now attempting to collect around $150 million for the company, but the final sale price will likely be lower, due to a dismal 2012 ski season. Bidders for the brand, which sponsors athletes Julia Mancuso and Bode Miller, are said to include Columbia Sportswear and The North Face’s parent company, VF Corp.
Via New York Post