About Europa Sports Products Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks and accessories to mass market retailers, gyms, health food stores and specialty supplement retailers. Menu options for Europa Sports Products Inc. VITAL PHARMACEUTICALS, INC., a Florida corporation, d/b/a VPX v. Europa Sports Partners, LLC, Vital Pharmaceuticals, Inc. v. Europa Sports Partners, LLC, Debernardis et al v. IQ Formulations, LLC et al. About Lone Star DistributionLone Star is a national specialty distributor of sports nutrition and fitness products. Is youth sports next? Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. About the ISSN Since 2003, the International Society of Sports Nutrition is recognized as the only not-for-profit academic-based society dedicated to sports nutrition and growing the science of applied nutrition. Antonio, AFI Managing Partner, said, We are extremely excited about our new platform investment. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC, http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Deloitte's Women @ Work report reveals signs of progress, but much work remains to improve women's experiences in the workplace, Deloitte Named a Leader in Worldwide Hybrid IT Consulting and Integration Services by the IDC MarketScape. Youth sports in recent years have exploded into a $19 billion enterprise, by some accounts, but their ecosystem is built on a shaky foundation of nonprofit clubs, many run by volunteers. 0000007892 00000 n Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private training and camps, but checks and balances on the flow of that money are often absent. EUROPA SPORTS PARTNERS LLC. Revenue, Growth The lawsuit includes texts between Bilanski and Davin that mocked co-workers and also included vitriol for Hart, who served on the volunteer board for three years and whose 15-year-old son, Ethan Wheeler, is a rising star within the Timbers program. >> Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. "The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. /AcroForm << 0000008493 00000 n Europa Sports Products Inc. : Articles :: Law360 Contact Who is Europa Sports Partners Headquarters 11401 Granite St, Charlotte, North Carolina, 28273, United States For more information, visit www.investmentbanking.deloitte.com. 0000093001 00000 n You have to know whats happening with clients, competitors, practice areas, and industries. Europa Sports Products | Better Business Bureau Profile Ethan said he is having the most fun playing soccer since joining the club six years ago. Europa Sports Partners corporate office is located in 11401 Granite St, Charlotte, North Carolina, 28273, United States and has 297 employees. Even before the allegations of embezzlement came to light, the lawsuit contends, Bilanski and a group of Timbers employees and team managers embarked on a campaign to undermine the organization, which was born out of tension with the board and its president, Hart. >> Robbie Duncan will serve as ESPs new Chief Executive Officer and Tony Todaro as its new Chief Financial and Administrative Officer. 0000003853 00000 n His eighth-grade son chose to remain with the Timbers. << Was Bend Timbers, before the split, run as a business with integrity or not? While lawyers for the Timbers contend that the embezzlement case has jeopardized the organizations status as a tax-exempt nonprofit, the club is still facing considerable debt to build new fields roughly $760,000, according to the clubs latest newsletter sent out to parents in September. Its a function of the growth of the industry, Carrozza said. Youre viewing 3 of 9 executive team members. Get an inside look at the rich diversity of background, education and experiences of our people. 0000007643 00000 n I hear from parents, you know, severed relationships of a decade or more. Europa Sports Products EUROPA SPORTS PARTNERS, LLC According to the Timbers board of directors, the laptop contained evidence of financial impropriety; Bilanski had allegedly directed several unauthorized payments totaling $80,684 to herself over a six-year period and, in turn, had paid a portion of the funds to another former Timbers employee, Jen Davin. WebIntellectual Property Securities Bankruptcy Competition Employment White Collar Legal Industry Access To Justice Law360 UK Pulse || See all sections || TAKE A FREE TRIAL His diligence has paid off this fall: He made Summits varsity team as a sophomore. By clicking Sign up, you agree to receive marketing emails from Insider To explore Europa Sports Productss full profile, request access. CIT Northbridge Credit Serves as Sole Lead Arranger on $40 bankruptcies Map, Get We greatly appreciated the expertise and agility of the CIT Northbridge team in arranging this financing to meet our business objectives.Europa Sports Products is unmatched as a distributor of nutritional and sports supplements and a wide range of other products to outlets across the U.S. and abroad, said Neal Legan, who leads CIT Northbridge. There is plenty of work to do off it. Theres often no governance of youth sports organizations not from parents, sponsors or local governments and most embezzlement cases involve treasurers or volunteer board members who have been trusted with an organizations funds, with little to no checks and balances on how budgets are operated. Europa Sports Products Europa Sports Products Becomes a Professional Level Member Dude, she texted to Bilanski, according to court records. Already a subscriber? /E 105059 Europa is setting the industry standard in quality, product assortment, customer service and satisfaction. In Michigan, an employee of a Flint-area wrestling club set the organization back after being accused of stealing more than $20,000. CHARLOTTE, N.C., Oct. 12, 2017 /PRNewswire/ --Widely recognized as two of the world's leading organizations dedicated to science-based sports nutrition and distribution of top health and sports supplements, Europa Sports Products and the International Society of Sports Nutrition (ISSN) announced today the next step in their collaboration, making Europa Sports a professional member of the ISSN. But its also a function of volunteer-based organizations and a combination of the general lack of oversight and governance that these organizations are subject to.. About Lone Star Distribution We had those kind of increases and moneymaking abilities to draw her as a new hire. Shore said he was not familiar with Bilanskis more recent employment contracts with the Timbers. WebOn May 20, 2021, AFI and its affiliates acquired certain of the operating assets, including the brand names and website, of Europa Sports Products, LLC (Products). Europa Sports Products Inc. : Cases :: Law360 The work is typical warehouse work, order pulling, packing etc. The tension is constantly coming up in conversation, but the Wheeler family has focused on Ethans future. Thats what was really the lesson learned is that you cant trust one guy with the keys to the kingdom, Swingler said. I saw that youth sports had become such a massive industry. A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. >> /Fields [ ] 0000000012 00000 n %PDF-1.5 0000002026 00000 n Europa Sports Products Inc - Company Profile and News You have to know whats happening with clients, competitors, practice areas, and industries. 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Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. x. Attorneys for the Timbers claim in filings that the clubs administrator even worked as a double agent to maintain access to the clubs computer systems and help the group delete, share and edit documents in an effort to form a new club. xAa,hN!dH"0K)V%( [`X:Q^j7r{8!`JoX2". Directory, Extended Site The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say, https://www.gettyimages.com/detail/news-photo/james-valenti-miss-new-jersey-teen-usa-2014-valentina-news-photo/478920859?adppopup=true, close all of its New York City studios in April, Eugene Gologursky/Getty Images for Flywheel, John Nacion/SOPA Images/LightRocket via Getty Images. 4, 2016 Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Europa Sports Products, Inc. (Europa), a Charlotte-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution (Lone Star), a portfolio company of Sheridan Capital Partners. His transaction experience includes sell-side, b More. /Outlines 65 0 R 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. /ID [ <958DB2D77671C4A96F5CA912B922465B> For more information visit www.issn.net. In short order, the embezzlement allegations triggered a lawsuit that has divided a once-unified soccer community and launched investigations by the local district attorneys office and the states Justice Department. WebEuropa Sports Products Health & Diet Food Products, Health & Diet Food Products-Wholesale & Manufacturers, Vitamins & Food Supplements Be the first to review! Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks 0000004572 00000 n A joint venture advised by CIT Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender. Co-Founder. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. The company's product portfolio includes protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins and weight loss supplements. 0000004251 00000 n /ABCpdf 6109 Gold's Gym filed for Chapter 11 bankruptcy protection in May, shortly after the company announced it would shutter 30 locations that had been temporarily closed early on in the pandemic. These are the seven fitness and sporting goods companies that have filed for bankruptcy so far in 2020. In a deposition with attorneys for the Timbers, Bilanski invoked her Fifth Amendment right more than 340 times. Europa There was a significant void in the nutritional sports sector as a result of the financial impact of the pandemic. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private The material on this site may Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage. Bilanski, 49, still has plenty of community support, and this past summer she filed a defamation suit against the Timbers, seeking $5.1 million from the club and former board president Michelle Hart. stream startxref E.J. 0000008819 00000 n /DR << About Sheridan Capital Partners Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. Bilanski and Davin declined to comment for this story through their attorneys. "Europa is pleased to partner with the ISSN as a professional level member. When it comes to Copyright 2012-2023 Deloitte Corporate Finance LLC (DCF), a broker-dealer registered with the US Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. 0000005429 00000 n Please enable JavaScript to view the site. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please visit europasports.com for additional detail.
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