Galaxy Universal Acquires And1, Avia, Gaiam and SPRI from Sequential Brands Group

October 29, 2021

Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. The deal (expected to close by mid-November 2021) is financed with debt led by KKR, which will also participate as a co-investor, and continues Galaxy's strategy of vertically integrating active, athletic and wellness brands onto its platform.

Targets
And1, Avia, Gaiam, SPRI
Sellers
Sequential Brands Group, Inc.
Platforms
Galaxy Universal LLC
Location
United States
Transaction Type
Addon

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