Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Helly Hansen Group AS
Sale to Ontario Teachers’ Pension Plan
Baird served as a financial advisor to Helly Hansen Group AS in this transaction
Helly Hansen Group AS (“Helly Hansen” or the “Company”), a portfolio company of Altor Fund II (“Altor”) advised by Altor Equity Partners, recently completed the sale of a majority stake of the Company to Ontario Teachers’ Pension Plan (“OTPP”). Altor will retain a 25% ownership in the Company. Terms of the transaction have not been disclosed.
Helly Hansen designs, develops and markets stylish and high performance technical apparel. The Company currently operates three divisions; Sport Wholesale, Sport Retail and Workwear. Helly Hansen is a global leader in outerwear, base layers, sportswear and footwear for winter, outdoor and water sports with products sold in more than 40 countries. Helly Hansen is headquartered in Oslo, Norway.
With $117.1 billion in assets as of December 31, 2011, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, OTPP invests the pension fund's assets and administers the pensions of 300,000 active and retired teachers in Ontario.
Altor Equity Partners invests in Nordic businesses and is committed to creating value through growth, strategic development and operational improvements. Since its founding in 2003, Altor has made more than 30 platform investments and more than 35 strategic add-on acquisitions. Altor has collectively managed funds with more than €3.8 billion of capital.