The Montreal-headquartered major hockey equipment maker secured investment from global private markets investment firm Northleaf Capital, the companies announced Thursday. Northleaf, which is headquartered in Toronto, joins Swedish backer Altor as another major investor. The details of the investment were not disclosed. (The Logic)
Talking point: CCM is a major player in hockey equipment, with a history in the industry dating back to 1905. Stockholm-headquartered Altor’s investment, announced in October, took CCM off Birch Hill Equity Partners’ hands and valued it at up to $600 million. Meanwhile, Toronto’s Fairfax Financial bought an ownership interest in Bauer Hockey’s parent company, Peak Achievement Athletics, in September, taking control of the major hockey equipment maker.