ACON Investments and SB360 Acquire Controlling Stake in True Religion

January 7, 2025

ACON Investments, with strategic partner SB360 Capital Partners, acquired a controlling stake in True Religion, the iconic denim and lifestyle apparel brand. The transaction (financial terms undisclosed) will keep True Religion headquartered in Gardena, California and is supported by financing from Second Avenue Capital Partners, Alpha Wave Global and Sagard Credit Partners to accelerate digital and retail capabilities and international growth.

Buyers
ACON Investments, SB360 Capital Partners
Targets
True Religion
Industry
Retail
Location
California, United States
Transaction Type
Buyout

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