Marquee Brands LLC bought Dakine Inc. and intellectual property related to the outdoor-sports brand.

In line with the transaction, Marquee licensed the operating assets of Dakine to JR286 Inc. under a long-term agreement. Marquee added Dakine CEO Ken Meidell to its team, while the teams dedicated to the Dakine brand in Hood River, Ore.; Los Angeles; and Annecy, France, will remain intact.

Dakine makes snow, surf and biking bags, as well as backpacks, gear and accessories for outdoor enthusiasts. Marquee is a brand acquisition, licensing and development company backed by Neuberger Berman Private Equity, a unit of investment manager Neuberger Berman specializing in income investments and equity co-investments.

Moore & Van Allen PLLC, Financo and Neuberger Berman Private Equity's general counsel, Christian Neira, advised Marquee on the deal. Houlihan Lokey was exclusive financial adviser to Dakine, while Bryan Cave Leighton Paisner LLP, KPMG and PwC advised JR286.