On Monday, Altor's Fund III stated that it entered an exclusive process to acquire Rossignol Group's majority shares. Altor Equity Partner's Fund III was a Nordics-concentrated private equity group. On the other hand, Rossignol Group was the world's second largest ski equipment manufacturer.
Altor stated that it wanted to acquire Rossignol as well as its management, Weber Investment and Boix-Vives family. The deal with Rossignol would allow Altor to own 80% share in the company. The family of Boix-Vives owned Rossignol from 1955 to 2005.
According to Altor, last year, Rossignol's sales were about Eur210 million equivalent to US$274.12 million. Altor added that the company was able to hire approximately 1,200 people.
However, Altor refused to disclose further information about the financial aspect of the deal. It only said that Rossignol made a "healthy" revenue. Altor added that the deal was anticipated to be finalized before or during this year's autumn.
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