Compass Group Diversified Holdings LLC: M&A transaction — Compass Diversified closes sale of Marucci Sports for $572M enterprise value, receives ~$485M in proceeds

Compass Group Diversified Holdings LLC

Sale of Wheelhouse (parent of Marucci Sports) to Fox Factory closed Nov 14, 2023; CODI received ~$485M at closing.
CODI expects a pre-tax gain of $225-245M from the sale, to be recorded in Q4 2023.
Proceeds to pay down outstanding debt under the 2022 Credit Facility and for general corporate purposes.
Pro forma financials reflecting removal of Marucci filed; Marucci to be reported as discontinued operations.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Compass Group Diversified Holdings LLC completed a disposition involving Fox Factory, Inc. for enterprise value of $572 million (closed 2023-11-14).

Action: disposition
Counterparty: Fox Factory, Inc.
Consideration: enterprise value of $572 million
Closing: 2023-11-14

Exact text from the filing

of Purchaser (the “Merger”). On November 14, 2023, the parties completed the Merger pursuant to the Agreement. The sale price of Wheelhouse was based on an enterprise value of $572 million, subject to certain adjustments based on matters such as transaction tax benefits, transaction expenses of Wheelhouse, the net working capital and cash and debt balances of

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Source: SEC EDGAR

accession 0001345126-23-000059

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