Oaktree to hire advisors for possible Quik takeover

Oaktree Capital Management is said to be hiring AlixPartners to advise on a possible acquisition of Quiksilver. As reported, Oaktree lent the ailing boardsports company some $175 million to enable it to keep the operational business running. Quiksilver filed for bankruptcy in September.

Bloomberg says, however, that other investors might be interested in a Quik deal as well. Unnamed sources told the publication that some of the potentially interested parties were Authentic Brands Group, owner of labels such as Prince, Tretorn, Bobby Jones and Spyder, and Golden Gate Capital, the former owner of retailer Eddie Bauer.

Another firm mentioned is Sycamore Partners which – like Oaktree – was in the race for Billabong, Quiksilver’s Australian competitor, back in 2013.

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