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M&A Navigator: Malibu Boats to Acquire the Assets of Pursuit Boats for USD 100mAugust 24, 2018
O’Melveny client Malibu Boats will acquire Pursuit Boats in a $100 million transaction. The deal is expected close in the fourth quarter and will be funded with cash on hand and a borrowing under an incremental revolving credit facility to be added to its existing credit facility. Acquiring Pursuit provides Malibu the ability to broaden the scope of its products.