Headlines

Private Equity Buyer to Acquire Iconix Brand Group

Iconix is the owner of Joe Boxer, London Fog and Ocean Pacific

Published

3 years ago

June 15, 2021

Iconix Brand Group (New York), owner of brands including Joe Boxer, Mossimo, London Fog and Ocean Pacific, has entered into a definitive agreement and merger plan to be acquired by Iconix Acquisition Group, an affiliate of private equity group Lancer Capital LLC. According to a press release, the transaction is valued at approximately $585 million, including net debt.

“Today’s announcement represents the culmination of a year-long examination by our Board of Directors of strategic alternatives for the Company,” said Bob Galvin, CEO. “The Board of Directors determined that the transaction with Lancer provides the best value for our stockholders. We expect that Iconix will continue developing its brands and supporting its partners as a private company.”

Iconix expects the transaction to close before the end of the third quarter of this year, pending antitrust review and other customary closing conditions.

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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