Altor acquires Rossignol

Altor intends to acquire 80% of Rossignol via the Altor Fund III vehicle. The company's management, Weber Investment and the Boix-Vives family – which used to own Rossignol from 1955 to 2005 – are also taking part in the buyout. These minority shareholders will own the remaining 20%.

The transaction is subject to certain closing conditions, including a final approval from government authorities, and will complete before or during Q4 2013.

Altor aims to focus on growth in existing and new categories, and will use its experience from the turnaround of outdoor equipment brand Helly Hansen, which Altor acquired in 2006.

Previous investment
Laurent Boix-Vives acquired Rossignol in 1955. The Boix-Vives family owned Rossignol until 2005, when Quiksilver bought the company. In August 2008, Quiksilver sold Rossignol to Macquarie-owned Chartreuse & Mont Blanc for $147m.

Company
Founded in 1907 and headquartered in Moirans, France, Rossignol designs, manufactures and markets a range of winter sport equipment. It owns six winter sport brands: Rossignol, Dynastar, Look, Lange, Kerma and Risport.

The company reported a turnover of close to €210m in 2012, and employs nearly 1,200 people.

People
Hugo Maurstad is a partner at Altor. Bruno Cercley is the CEO of Rossignol.

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