Quiksilver/Rhone Circling Billabong?

by The Editors on August 29, 2012

Quik Logo10Australia’s Business Spectator is raising the bar on Billabong takeover speculation by suggesting that Rhone Group, the private equity firm that owns 20 percent of Quiksilver, may or could be looking to snatch up Billabong if the price is right.

While it’s not clear whether Quiksilver or Rhone, a New York-based private equity firm, is eyeing the situation, it’s fair to say it’s likely to be Rhone who has the final say on any move given Quiksilver’s history of debt issues and market value of $US513 million — below Billabong’s at about $650m.

Guess using the words “could” and “might be” allow the press to say pretty much anything they want. We can’t really imagine a scenario where Quiksilver’s problems could be solved by adding Billabong’s to their list. We’d like to think Quik learned their lesson with Rossignol.

[Link: Business Spectator]

{ 3 comments… read them below or add one }

warren buffet August 29, 2012 at 1:35 pm

Like Coke buying Pepsi, we approve, but not getting our hopes up too high. Bain Capital is in the mix too.

Michael August 29, 2012 at 1:49 pm

billaquik?
silverbong sounds even more intriguing!

Ed August 29, 2012 at 9:21 pm

I’ll go with Quikbong. It will appeal to the youth culture and it’s short attention span *cough cough*

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