Altor-backed Rossignol sells minority stake to IDG

The partnership with IDG will enable Rossignol to tap into the winter sports sector in China, with the Beijing 2022 Winter Olympics considered a trigger point for the winter sports industry to grow.

Winter sports have garnered interest from around China across sectors, including real estate developers, consumer conglomerates, e-commerce platforms and financial investors, according to corporate finance adviser DC Advisory, which advised on the transaction.

Previous funding
Altor Equity Partners acquired a majority stake in the French ski equipment company in 2013 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 – were also taking part in the buyout. These minority shareholders owned the remaining 20% stake.

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

People
Altor Equity Partners – Hugo Maurstad (partner).
Rossignol – Bruno Cercley (CEO).

Advisers
Company – DC Advisory (corporate finance).

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• Topics
• Exits
• Nordics
• France
• Consumer
• France
• Sweden
• Altor
• Partial sale