TSI Holdings has acquired HUF Holdings

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that TSI Holdings Co., Ltd. (“TSI”) has signed an acquisition agreement to acquire a 90% equity interest of Irvine, California-based, HUF Holdings, LLC (“HUF”), a leading branded apparel manufacturer of streetwear globally, with sales in more than 30 countries.

HUF founder, legendary skateboarder Keith Hufnagel, has woven a success story for the brand, which is now synonymous with premium quality products that embody the freestyle spirit of skateboarding. Demand for HUF apparel, footwear and other goods has been high around the world as consumers seek to demonstrate their individuality through style.

Jack, Inc. (“Jack”), a wholly owned subsidiary of TSI, has acted as HUF’s sole distributor in Japan since 2015. This strong relationship between TSI, Jack and HUF has played a key role in HUF’s growth in Japan. TSI is excited about the significant potential for HUF to expand further into the Asian market, especially in Japan and China.

The acquisition of HUF is congruent with TSI’s mid-term management plan for growth which focuses on leveraging cross-border mergers and acquisitions in the fashion and apparel industry.

Lincoln acted as the exclusive financial advisor to TSI. This included providing advisory expertise and managing the preparatory, negotiation and due diligence phases of the transaction.

TSI Holdings has acquired HUF Holdings
  • 2017
    Close Year
  • Consumer
    Industry
  • Public
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Japan | USA
    Countries

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