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NEW YORK -- Apax Partners, the private equity firm that helped Phillips-Van Heusen buy Calvin Klein, has acquired Spyder Active Sports, a fast-growing ski apparel company. The transaction is valued at about $100 million.
Spyder was owned by several investors, including CHB Capital Partners, as well as by company management.
"Spyder is a high-quality, high-performance company that has a lot of room for growth," said David Landau, a partner in Apax. "We see this as a long-term investment."
Spyder, based in Boulder, Colo., has estimated sales of about $80 million. It was founded in 1978 by David Jacobs, a Canadian-born championship skier...