Clearwater International acted as sole financial adviser to SEIDEL Privatstiftung on the sale of PIEPS GmbH to Black Diamond, Inc.
PIEPS GmbH, headquartered in Austria, is the global market and technology leader in alpine safety products and is one of the market leaders in avalanche transceiver technology. The company offers a full range of premium alpine performance products, including avalanche transceivers, avalanche probes, shovels, safety equipment, backpacks and bags, as well as functional sportswear. In addition, PIEPS offers a worldwide unique outdoor device for navigation and message handling.
Black Diamond Inc. is a US stock-listed company that designs, manufactures and markets outdoor performance products for climbing, mountaineering, backpacking, skiing, mountain biking and other active outdoor recreational activities.
Clearwater International, led by partner Markus Otto, advised SEIDEL Privatstiftung.