Canadian hockey equipment maker CCM to be bought by Swedish private equity firm
Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada's iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel.
Canadian icon CCM Hockey bought by Swedish firm
Swedish buyout firm Altor Equity Partners has agreed to buy a majority stake in CCM Hockey, the maker of Tacks and JetSpeed hockey gear favoured by stars Sidney Crosby and Connor McDavid. Stockholm-based Altor is acquiring the business from Canada’s Birch Hill Equity Partners Management Inc., it said in a statement reviewed by Bloomberg News.
Swedish private equity firm Altor buying hockey equipment company CCM
MONTREAL — Swedish private equity firm Altor says it has signed a deal to acquire a significant majority stake in hockey equipment maker CCM Hockey from Birch Hill Equity Partners. Under the deal, CCM’s management will also reinvest in the company. Financial terms of the agreement were not immediately available.
Altor Equity Partner buys CCM, Canada’s oldest hockey equipment maker, for $600-million
The European funs outbid several rival private equity funds and sports companies to acquire CCM from Birch Hill Equity Partners
Altor to buy majority stake in CCM Hockey from Birch Hill
CCM Hockey is a Canadian hockey equipment manufacturer. Altor Equity Partners has agreed to acquire a majority stake in CCM Hockey, a Canadian hockey equipment manufacturer, from Birch Hill Equity Partners.
European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey
Private equity firms are increasingly looking towards the booming sports sector, where companies partner with popular leagues that attract large crowds and foster a loyal customer base. In August, the owners of the National Football League (NFL) allowed some private equity firms to buy up to a 10% stake in any team,
Altor to partner with iconic hockey brand CCM Hockey
Altor Fund VI ("Altor") has signed an agreement to acquire a significant majority stake in the iconic hockey brand CCM Hockey. CCM's management will reinvest in the company. Altor will support CCM and existing management to accelerate and
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