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Company Statement: Trilantic Capital Partners buys stake in Nixon from Billabong

( February 17, 2012, 16:20 GMT | Official Statement) --  MLex Summary: Australian clothing company Billabong has sold a stake in youth accessories brand Nixon to Trilantic Capital Partners in a deal valued at $285 million. The private equity firm and Billabong will each hold 48.5% of Nixon, while the remaining 3% will be owned by the company's mangagement. The transaction is expected to close within 90 days and it is subject to antitrust regulatory approval. Statement appears in full as follows:...

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