Reuters: Mergers News: Gap founders buy riding-gear maker Ariat

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Gap founders buy riding-gear maker Ariat Jun 7th 2012, 23:29 June 7 | Thu Jun 7, 2012 7:29pm EDT June 7 (Reuters) - High-end riding-gear maker Ariat International Inc said on Thursday it will be sold to its management and the Fisher family, the founders of Gap Inc . The sale was led by private equity firms LNK Partners and Brentwood Associates. Terms of the sale were not disclosed. A source had said the company was likely valued at $350 million to $400 million, Reuters said in an exclusive report of the sale on Wednesday. LNK and Brentwood invested in Ariat in 2006. At the time, LNK said it had invested $61 million to acquire a significant minority stake in apparel company. Ariat traces its origins to the early 1990s, and over the years the company has expanded into apparel and accessories for equestrian sports, fashion and work.

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