 |
|
 |
 |
 |
Private Investors Buy Into Timbuk2 Designs
OCTOBER 04, 2005 --
A majority interest in Timbuk2 Designs, a San-Francisco based manufacturer of bicycle messenger bags, computer carrying cases and other urban-lifestyle bags and accessories, has been taken by private equity investors. Terms of the deal were not disclosed.
The equity investment is led by a new San Francisco private equity fund, VMG Equity Partners, and the Washington, D.C.-based fund, Capital Logic Partners. Debt financing is provided by the San Francisco branch of Bethesda, MD-based CapitalSource Finance LLC. Investment advisory services were provided by North Point Advisors of San Francisco.
Timbuk2 remains independent and privately-held, and its current CEO, Mark Dwight, will continue to lead the company. Three years ago, Dwight led a group of private investors and a local institutional investor, Pacific Community Ventures, to purchase the 16-year-old company.
Since then, Timbuk2 has reorganized its operations, expanded its product offerings and distribution, and achieved profitability. In the process, the company's annual revenue has more than tripled. "This is a proud moment in Timbuk2's history," said Dwight. "We have delivered a significant return to our initial investors – nearly four-and-a-half times their original investment in just three years. Our new investors provide the financial resources and strategic marketing expertise to fuel our next big growth phase."
| | | | | REPRINTS
|
|
Euro Commission Clears Salomon Sale With Conditions
Quiksilver Affirms 4Q, FY Guidance
President & CEO: Michael
View more related articles
Quick links:
One-click access to topics in this article.
|
Categories
Sporting goods industry
Institutional investors
Private equity investments
Companies
Timbuk2 Designs
VMG Equity Partners
Capital Logic Partners
Debt
CapitalSource Finance LLC
Concepts
Private Investors
private equity
private equity investors
equity investment
investment advisory services
People
San-Francisco
Mark Dwight
|
|
 |
 |
 |
Breaking Headlines |
 | Athletic Footwear Sales Show Six-Month Growth of 4.4%: NSGA
OCTOBER 27, 2005
|
 | Columbia 3Q Sales Dipped 1.4% To $410 Million
OCTOBER 27, 2005
|
 | Deckers Posts 24% Sales Gain; Net Improves 40%
OCTOBER 27, 2005
|
 | Cabela's Revenues Up 12%, But Net Is Flat
OCTOBER 27, 2005
|
 | ALSO IN THIS ISSUE:
OCTOBER 27, 2005
|
 | Is SGMA Shopping Super Show?
OCTOBER 27, 2005
|
 | Russell Numbers Come In At High End Of Guidance
OCTOBER 27, 2005
|
 | Timberland Has Strong Profit, But US Boot Biz Is Off
OCTOBER 27, 2005
|
 | K-Swiss Earnings, Sales Eke Up Slightly
OCTOBER 27, 2005
|
 | Rocky Posts Record Sales & Earnings
OCTOBER 26, 2005
|
|
|
|
 |