Carmelina Announces Sale of Hayabusa

LOS ANGELES, January 4, 2022 — Carmelina Capital Partners (“Carmelina”), a private investment firm that partners with owner-operators, has completed the sale of Hayabusa Fightwear, Inc. (“Hayabusa” or the “Company”), a premier developer and manufacturer of sports equipment and related products for the fitness and mixed martial arts market, to RAF Industries.

Founded in 2005 in Kingston, Ontario by Ken Clement, Craig Clement, and David Zikakis, Hayabusa’s uniquely authentic brand has offered best-in-class fighting equipment, apparel, and accessories to all skill levels and across all disciplines for 15+ years. After investing in Hayabusa in 2016, Carmelina has supported Hayabusa’s senior executive team in pursuing strategic partnerships, accelerating direct-to-consumer sales, and pioneering innovative product solutions, to drive tremendous growth during the partnership.

Vermillion Capital acted as exclusive financial advisor, and Stikeman Elliott acted as legal counsel to Hayabusa in connection with the transaction.


Carmelina Capital Partners is a Los Angeles-based private investment firm that partners with exceptional founder-led and family-owned businesses. Carmelina has extensive experience partnering with owner-operators across a broad range of industries to facilitate shareholder liquidity, support rapid growth, and drive accelerated value creation. For more information about Carmelina, please visit

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