BELGIUM - Lion completes EUR 263m Adventure deal
Lion Capital has completed the acquisition of AS Adventure Group, a Belgium-based speciality retailer of outdoor equipment and clothing, in a deal which values the company at EUR 263m.
The transaction, which is expected to complete in the next 60 days, was supported with debt facilities provided by Lloyds TSB. The company operates 56 stores across Belgium and the UK and, with the recent acquisition of Dutch company Bever Zwerfsport, has added a further 26 outlets in the Netherlands. AS Adventure was established in 1995 and has recorded impressive growth, with net sales in 2007 expected to reach EUR 205m.
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