Equistone carves out Courir

Equistone is currently investing via its £2.8bn Equistone Partners Europe Fund VI vehicle, closed on March 2018.

The GP is acquiring Courir from parent company Groupe Go Sport. Based in Sassenage and founded in the 1970s, Go Sport is a sporting multi-specialist retailer operating 220 stores in France, of which 125 are affiliates, and 78 abroad, of which 34 are in Poland.  

Groupe Go Sport appointed Rothschild to sell the division in June, according to Unquote sister publication Debtwire. The asset was marketed based on EBITDA of €35-40m and 2017 sales of €807m, according to Debtwire.

Company
Founded in 1980, Courir is a footwear fashion specialist, with a customer base mostly made up of women and people between the ages of 15-25 years old.

Based in Alfortville, the business operates 248 stores in France, of which 58 are affiliates, and 29 abroad, of which two are in Spain.

People
Equistone Partners Europe – Guillaume Jacqueau (managing partner).

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• Topics
• Buyouts
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• Equistone Partners Europe