Altamont Capital
Billabong drops Altamont for Oaktree, Centerbridge rescue
Australian surfwear company Billabong had accepted a refinancing plan from Oaktree Capital Management and Centerbridge Partners, walking away from a previous deal with a consortium led by Altamont Capital Partners and replacing top management.
Billabong posts $777m loss, brand value drops to zero
Distressed Australian surfwear retailer Billabong International- which is currently negotiating a A$325 million ($290 million) refinancing deal with a consortium led by Altamont Capital Partners - has booked a net loss of A$860 million, while cutting...
Oaktree, Centerbridge make renewed Billabong refinancing offer
Oaktree Capital and Centerbridge Partners have made a fresh recapitalization offer of A$325 million ($292 million) for ailing Australian surfwear brand Billabong to compete with a revised proposal put forward by an Altamont Capital Partners-led consortium...
Australian regulator declines PE request to delay Billabong deal
The Australian Government Takeover Panel - the country's takeover regulator - has declined a request from Oaktree Capital Management and Centerbridge Partners to delay a A$395 million ($359 million) refinancing deal for surf-wear company Billabong International.
Billabong strikes $331m refinancing deal with Altamont, Blackstone
Australian surf wear company Billabong has a reached an agreement with US private equity firm Altamont Capital Partners and Blackstone Group's credit arm GSO Partners for a A$395 million ($331 million) refinancing package.
Billabong turns to refinancing options as buyout talks falter
Embattled Australian surfwear company Billabong has discarded the possibility of a takeover by two PE-backed suitors and is now looking at asset sales and alternative means of refinancing its debt. The private equity firms involved in the bids – Altamont...
Sycamore proceeds on Billabong buyout with knockdown $300m offer
A consortium supported by US-based Sycamore Partners will enter exclusive negotiations to buy Australian surfwear company Billabong, but any deal will be priced at a substantial discount to the original offer tabled last December.
Billabong halts trading, PE firms said to cut buyout offer
Billabong International halted trading Tuesday amid reports that the two private equity consortiums bidding for the embattled Australian surfwear company would lower their bids.
Billabong says buyout talks continue, despite share slump
Embattled Australian surfwear manufacturer Billabong International has said that talks continue with two prospective buyers, seeking to reassure the market after the company’s stock price plunged to a record low on Thursday.
Billabong receives takeover bid from Altamont, VF Corp
Altamont Capital Partners has teamed up with US apparel company VF Corp. to submit a rival takeover bid for Billabong International. The consortium is offering to pay A$1.10 per share in cash – or A$527 million ($555 million) – for the Australia surfwear...