Nixon Inc., a global watch and accessories brand in the action sports category, has received a $139m convertible preferred stock financing from global private equity firm Trilantic Capital Partners.
The company’s founders, Andy Laats and Chad DiNenna, will invest alongside existing shareholder Billabong International Limited, a global marketer, wholesaler and retailer in the boardsports sector.
The investment is designed to help Nixon expand globally, in established and new markets.
Founded 15 years ago in Encinitas, CA, the company currently supplies its watches, soft goods, electronics and accessories in more than 70 countries.
FinSMEs
19/02/2012