The Stockholm-headquartered financier has acquired “a significant majority stake” in the Montreal-based sports equipment firm from Toronto’s Birch Hill Equity Partners. None of the companies disclosed terms of the deal, but sources told Bloomberg it valued CCM Hockey at up to $600 million. (The Logic, Bloomberg)
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The Stockholm-headquartered financier has acquired “a significant majority stake” in the Montreal-based sports equipment firm from Toronto’s Birch Hill Equity Partners. None of the companies disclosed terms of the deal, but sources told Bloomberg it valued CCM Hockey at up to $600 million. (The Logic, Bloomberg)
Talking point: The Altor-CCM deal is the second time an iconic hockey-gear brand has changed private equity hands this week. On Monday, Toronto-based Fairfax Financial bought control of Bauer Hockey’s parent company from Montreal-headquartered Sagard. Bauer is currently the larger player, but Altor’s goal is for CCM to supplant it on the top line. In the NHL, Connor McDavid, Auston Matthews and Sidney Crosby play with CCM gear, while Bauer has Nathan MacKinnon, Jack Eichel and Tyler Seguin.
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