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Procopio

Procopio, Cory, Hargreaves & Savitch LLP is one of the largest full-service business law firms in Southern California. Procopio’s Action Sports and Apparel team is a collaboration of attorneys with diverse practices and experience who possess an in depth understanding of the day-to-day challenges faced by companies in the action sports and apparel industries. This affords us the knowledge to assist emerging and well-known surf, skate, snow, motocross and apparel businesses in Southern California and globally.

EI-LO offers designers, manufacturers, and apparel brands the perfect T-shirt at the perfect price point. We combine quality blank knit apparel with easy ordering, no minimums and immediate delivery. As a completely vertical manufacturer, we control every aspect of the process to ensure the highest quality products. Using 100% USA Cotton & Ring-spun Yarn our fabrics are softer, more stable and are USDA and NAFTA Certified. For more info please visit

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TPG bids for Billabong despite Nixon sale

Shop-eat-surf file photo.

By Tiffany Montgomery
February 20, 2012 7:03 AM

Private equity firm TPG Capital still wants to buy Billabong even after the Nixon sale and has made a bid for the rest of the company.

Billabong disclosed the news Monday in Australia.

TPG bid $3 cash per share.

Billabong's stock closed at $2.83 on Monday.

Here is the notice that Billabong filed with the Australian Securities Exchange.

PROPOSAL RECEIVED

GOLD COAST, 20 February, 2012: The Board of Directors of Billabong announces that, before market opening today, it received a non-binding, indicative proposal from TPG Capital to acquire all of the shares in the company for $3.00 cash per share by way of a Scheme of Arrangement.

The proposal is subject to due diligence, subject to finance and conditional on a number of other matters, but it does not preclude the Nixon transaction announced on Friday 17 February 2012.

The Board of Billabong will consider the proposal and advise shareholders of its views in due course. In the meantime, Billabong shareholders do not need to take any action in response to the proposal.

Billabong has appointed Goldman Sachs as financial advisors and Allens Arthur Robinson as legal advisors.

MARIA MANNING

COMPANY SECRETARY

More on: Billabong, TPG, Nixon