Foley Hoag Represents Mill Road Capital and Skullcandy in $85M Sale of ASTRO Gaming
August 31, 2017
Foley Hoag LLP recently represented Mill Road Capital II, L.P. and its portfolio company, Skullcandy Inc., in the $85M sale of Skullcandy’s ASTRO Gaming headset business to Logitech (Nasdaq: LOGI), a Swiss public company offering music, gaming, video and computing products.
The sale of ASTRO comes less than a year after Mill Road’s going private acquisition of audio and gaming products company, Skullcandy. ASTRO was acquired by Skullcandy in 2011, and holds a leadership position in the premium console gaming headset market. Skullcandy products are sold and distributed through a variety of channels around the world from Skullcandy’s global locations in Park City, Tokyo, Zurich, Vancouver and Mexico City.
Mill Road is a private investment firm focused on investing in and partnering with publicly traded micro-cap companies in the U.S. and Canada, with a strong record of investments in consumer brands. The firm has flexible, long-term capital with the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or execute going-private transactions.
Foley Hoag attorneys Peter Rosenblum, Mark Haddad, Adrienne Ellman and Jeremy Arak represented Mill Road and Skullcandy in the transaction, with additional assistance provided by Hemmie Chang, Sarah Cooleybeck and Nicola Lemay.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional senior level service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.