Peninsula Capital acquires HLC, leading skateboard manufacturer and distributor

ARCANO has acted as exclusive financial advisor of Peninsula Capital in the acquisition of a majority stake in HLC from the Iraola family With this operation. HLC partners with a shareholder of reference to initiate a new stage of growth.

 

In this way, Peninsula Capital aims to continue supporting HLC's leading position in Europe and to strengthen its presence in the U S and Asia This transaction is very meaningful for Peninsula as it represents its first majority acquisition in Spain.

Company
HLC Skateboard Distribution
Transaction
Sector
Activity
Skateboard manufacturer and distributor
Date
Country
Spain

Founded in 2001 by the Iraola family, HLC is a leading European skateboard manufacturer and distributor based in Oyarzun Guipuzcoa. Currently it is the leading European manufacturer and distributor in the three segments in which it operates skateboards, longboards and is one of the world leaders in the production of surfskates The Company manufactures and distributes 11 own brands such as YOW, JART or Long Island, and 6 US brand licenses in more than 80 countries worldwide.

Peninsula Capital is a Private Equity firm founded in 2015 managing investments of 1 600 m with focus on Southern Europe ( Italy and France) This transaction follows the firm's investment strategy of investing in family owned, well managed companies with high growth potential.