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July 16, 2014
16:22 EDTCODI, FOXFCompass Diversified announces partial divestiture of Fox Factory
Compass Diversified (CODI) announced today that Fox Factory Holding Corp. (FOXF) closed on a public offering of 5.75M shares held by certain FOX shareholders, including the company, at a price of $15.50 per share for total net proceeds to selling shareholders of approximately $84.4M. As a selling shareholder, the company sold a total of 4.47M shares of FOX common stock, including 633,955 shares sold in connection with underwriters' exercise of the over-allotment option in full, for total net proceeds of approximately $65.5M. Upon completion of the offering, CODI's ownership in FOX was lowered from approximately 53% to 41%, or 15,108,718 shares of FOX's common stock.
News For CODI;FOXF From The Last 14 Days
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August 26, 2014
16:12 EDTCODICompass Diversified sees Clean Earth acquisition accretive to cash flow
Compass Diversified Holdings announced the closing of the acquisition of Clean Earth Holdings, pursuant to an agreement it entered into on August 7. The acquisition, which was completed for a purchase price of $253M and funded through available cash on its balance sheet and a draw of $95M on its revolving credit facility, is expected to provide approximately 28c-32c per share of cash flow accretion to CODI on a full year basis.

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