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.
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
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.
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,
Swedish private equity firm Altor buying hockey equipment company CCM
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.
Ice Hockey Brand CCM Finds New Owner in Sweden’s Altor Equity
When the puck drops on the new season of the National Hockey League next week, a major brand that equips some of the top players will be getting a new owner.
CCM Hockey acquired by Nordic-based Altor
CCM Hockey, one of the leaders in equipment manufacturing worldwide, has a new partner. On Wednesday, Nordic-based Altor Fund VI (Altor) acquired a majority stake in the company that has been making hockey gear for 125 years.
Private Equity Firms Buy Rival Hockey Brands CCM and Bauer
Both brands have been around for decades and changed ownership in the same week. The post Private Equity Firms Buy Rival Hockey Brands CCM and Bauer appeared first on Front Office Sports.
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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 ...