COMPASS DIVERSIFIED Investor Presentation
FOX FACTORY
PURCHASE PRICE
(JANUARY 2008)
$80mm
OVERVIEW
Case Study
•
VALUE CREATION
IPO provided increased capital availability and access to lower cost of capital to fund growth initiatives
•
Recruited professional management team including CEO, CFO and SVP of Operations
FOX is a designer, manufacturer and marketer of high-performance suspension products
used primarily on mountain bikes, side-by-side vehicles, on-road vehicles with off-road
capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles
and applications and motorcycles.
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COMPETITIVE STRENGTHS
Global, premium, performance-based
lifestyle brand
Highly-engineered products with focus on
innovation
Large white space opportunity in new
vehicle categories
Strong OEM relationships and global
aftermarket distribution network
Experienced management team leading
company of enthusiasts
.
.
Streamlined mountain bike supply chain and co-located by key OEMs
Supported large R&D budget to drive new product introduction in rapidly growing vehicle categories like side-by-sides and off-road
trucks
Invested heavily in sales and marketing to drive consumer demand and loyalty
DIVESTITURE OF FOX
In August 2013, CODI completed an Initial Public Offering of FOX Factory at $15.00 per share. As a patient investor, CODI
subsequently reduced its holding position via 5 secondary share offerings from 2014 to 2017, ultimately realizing total proceeds of
over $527 million upon exit.
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COMPASS
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