REGENT ACQUIRES DIAMONDBACK AND REDLINE CYCLING BRANDS; U.S. SPORTS DISTRIBUTION BUSINESS FROM ACCELL GROUP, N.V.

LOS ANGELES, CA and HEERENVEEN, NETHERLANDS— REGENT, a global private equity firm, announced today that it has acquired the U.S. assets of the Accell North America (ANA) cycling business from Accell Group N.V. (AMS: ACCEL). ANA owns and operates the Diamondback, Redline and IZIP cycling brands and is also the US Distributor of the Raleigh, Haibike and Ghost bicycle brands. The combined portfolio will be based in Kent, Washington and will now operate as the Alta Cycling Group.

Michael A. Reinstein, Regent’s founder and Chairman commented, “The acquisition of these popular cycling brands and the ongoing partnership with Accell will provide us with a best in class distribution platform that will fuel growth in both the wholesale and direct-to-consumer space. We are excited to welcome these wonderful sports brands into the Regent consumer products portfolio.”

This announcement comes just one month after Regent completed the acquisition of the legendary MAVIC cycling business from Amer Sports (HEL: AMEAS). With the addition of the Diamondback, Redline and IZIP brands, Regent has strengthened its performance sports portfolio and has emerged as a significant player in the global cycling industry: the popular Diamondback brand is a best-in-class manufacturer of mountain and road bikes, Redline has been a definitive leader in BMX and IZIP is an innovator in the rapidly growing e-bike space.

This deal marks the fourth acquisition Regent has completed since the beginning of the year. Aside from MAVIC, Regent also purchased the La Senza fashion lingerie business from L Brands, Inc. (NYSE: LB) and the Plainville Farms food processing business from The Hain Celestial Group (NASDAQ: HAIN).

About REGENT

Regent is a global private equity firm focused on innovating and transforming businesses. The firm’s mission is to create long-term value for its partners, the companies it invests in and the communities in which it works. Regent’s investments span the globe and operate in a wide array of industry verticals including technology, media, consumer products, industrial, retail and entertainment. 

Selected investments include MAVIC, La Senza, Plainville Farms, Sassoon, Sunset Magazine, MasterCuts, Regis UK, SuperCuts UK, Lillian Vernon and a media portfolio comprised of numerous newspapers, magazines and television platforms including Military Times, Army Times, Navy Times, Defense News, Federal Times and HistoryNet. Regent is based in Beverly Hills, California. 

For more information, please visit www.regentlp.com

L BRANDS ANNOUNCES SALE AGREEMENT FOR LA SENZA

 
L Brands Logo.png
 

Columbus, Ohio (Dec. 13, 2018) — L Brands, Inc. (NYSE: LB) today announced that following its previously announced comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships – to an affiliate of Regent LP, a global private equity firm.  The company will sell 100 percent of its assets in La Senza in exchange for the buyer’s agreement to assume La Senza’s operating liabilities and provide L Brands potential future consideration upon the sale or other monetization of La Senza, as defined in the agreement.  The company expects to complete the transaction and transfer ownership in early January.

Operating results for La Senza are included in the company’s Other segment for financial reporting. The company estimates that La Senza’s 2018 revenues and operating loss will be approximately $250 million and $40 million (approximately $0.12 per share), respectively.

L Brands was advised on the sale by Financo.

 

ABOUT L BRANDS:

L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,115 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 800 additional franchised locations worldwide.  The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

 

ABOUT REGENT:

Regent is a global private equity firm focused on innovating and transforming businesses. The firm’s mission is to create long-term value for its partners, the companies it invests in and the communities in which it works. Regent’s investments span the globe and operate in a wide array of industry verticals including technology, media, consumer products, industrial, retail and entertainment.

Selected investments include Sassoon, Sunset Magazine, Lillian Vernon and a media portfolio comprised of 18 newspapers, magazines and television platforms including Military Times, Army Times, Navy Times, Defense News, PBS TV’s Defense News Weekly, Federal Times and the HistoryNet Magazines. Regent is based in Beverly Hills, California.

For more information, please visit www.regentlp.com.

For further information, please contact:

Regent LP:
Media Relations
Graydon Sheinberg
(310) 299-4108
gs@regentlp.com

L Brands:
Investor Relations
Amie Preston
(614) 415-6704
apreston@lb.com

Media Relations
Tammy Roberts Myers
(614) 415-7072
communications@lb.com

TIME INC. ANNOUNCES SALE OF ICONIC SUNSET BRAND TO REGENT

MINNEAPOLIS, October 2, 2017 -- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today announced it has sold substantially all of its mall-based salon business in North America and entered into an agreement to sell substantially all of its International segment to The Beautiful Group, an affiliate of Regent, who will operate them as the Company’s largest franchisee.

REGENT ACQUIRES INTERNATIONAL SALON BUSINESS FROM REGIS CORPORATION - BECOMES WORLD'S LARGEST OPERATOR OF LUXURY SALONS

Los Angeles, CA – October 30, 2017 - Following the acquisition of Regis Corporation’s (NYSE: RGS) North American mall-based salon business, The Beautiful Group (an affiliate of Regent LP) has completed the acquisition of the Regis International segment which includes 250 Regis and Supercuts salons in the United Kingdom. 

REGIS ANNOUNCES SALE AND SUBSEQUENT FRANCHISE OF SUBSTANTIALLY ALL OF ITS MALL-BASED SALONS AND U.K. BUSINESSES

MINNEAPOLIS, October 2, 2017 -- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today announced it has sold substantially all of its mall-based salon business in North America and entered into an agreement to sell substantially all of its International segment to The Beautiful Group, an affiliate of Regent, who will operate them as the Company’s largest franchisee.