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Monday, Aug 15, 2022
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Fox Racing Nabs $95M in New Financing

Irvine motocross company Fox Head Inc. received $95 million in financing amid continued consumer spending on outdoor and fitness-related interests.

The company, which operates as Fox Racing, sells goggles, gloves, apparel and related motocross accessories across men’s, women’s and kids.

The financing from Atlanta-based Wingspire Capital includes a $35 million revolver and $60 million term loan. The money will be used to refinance existing debt, in addition to funding the company’s growth plans, according to Wingspire.

Fox is owned by Palo Alto private equity firm Altamont Capital Partners, which bought a majority stake in the business in 2014.

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