![]() BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. We are a premium provider of Asia-related advice to sophisticated clients globally, with 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. Dechert LLP represented Bregal Partners and United Sports Brands in this transaction.īDA Partners is the global investment banking advisor for Asia. PEARL iZUMi will operate with the support of Shimano for a transition period to meet the needs of retailers and maintain the business as planned.īDA Partners and Squire Patton Boggs represented Shimano. PEARL iZUMi remains committed to partnering with leading retailers in North America, including independent bike dealers and national outdoor retailers, to ensure that the brand is available wherever cycling consumers prefer to shop. The deal reflects BDA’s strength in the Consumer sector, and ability to navigate the complexities of cross-border transactions.” We see great opportunity for continued organic growth and expansion in this segment of the market.”Įuan Rellie, Managing Partner, BDA Partners, said: “We’re happy to have advised Shimano, a global champion from Japan, and to help position PEARL iZUMi for the next phase of its growth, in this landmark transaction. The addition of PEARL iZUMi, along with our running apparel and accessory company, NATHAN, makes us a formidable player in the outdoor space. We intend to continue that product innovation and leadership under our stewardship. Their culture of driving innovation and best-in-class product development – always with a “consumer-first” mindset – is consistent with our strategy at United Sports Brands. “PEARL iZUMi is an iconic, authentic, and much- loved brand that is strongly aligned with our current portfolio of brands at USB. “We are very pleased to welcome PEARL iZUMi into the United Sports Brands family,” said USB’s Chief Executive Officer, Michael Magerman. “We believe that United Sports Brands will be able to further this growth and we are committed to supporting our retail partners throughout the transition to ensure continued success at all levels.” “Shimano has worked hard to support and build up the PEARL iZUMi brand for our retailers and the consumer alike,” says Nolan Moser, Vice President, Bicycle Division from Shimano North American Bicycle, Inc. Shimano has provided significant support and guidance throughout its ownership, and while we will miss being part of Team Shimano, we also know there is great future potential for the brand and look forward to continuing to grow our business with USB.” “We have tremendous momentum and an amazing team that’s dedicated to continuing to grow the brand to new heights. “This is an exciting time for PEARL iZUMi,” said Geoff Shaffer, President of PEARL iZUMi. ![]() As part of the USB platform, PEARL iZUMi will be extremely well-positioned to capitalize on these tailwinds and continue to build its attractive market position. PEARL iZUMi has become a leader in corporate social responsibility, with 90% of products now made from sustainable materials and a goal to become carbon-neutral by 2025. The brand has since realized significant US & international growth, driven by its core road cycling apparel category, and by emerging categories such as mountain bike, casual apparel, and footwear. In 2008, PEARL iZUMi was acquired by Shimano, a leading Japanese multinational manufacturer of cycling components, fishing tackle and rowing equipment. Since then, the brand has grown to be the market leader in cycling apparel in the US, widely distributed across Europe, Canada, Australia, and New Zealand. In 1989, four investors in Boulder, CO, bought the rights to build a US-based PEARL iZUMi brand, leveraging technology & fabrics from the original company in Japan. ![]() PEARL iZUMi was founded in Tokyo in 1950 and entered the US market during the 1980s cycling boom. ![]() PEARL iZUMi will join USB’s portfolio of protective & performance sports equipment sold under the Shock Doctor, McDavid, Cutters, NATHAN, and Glukos brands. USB is a portfolio company of Bregal Partners, a private equity firm. BDA Partners is pleased to announce that its client, Shimano North America Holding, has sold PEARL iZUMi USA, an iconic manufacturer & retailer of cycling apparel & accessories, to United Sports Brands (“USB”), a global leader in sports performance & protective products. ![]()
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