Investcorp buys POC for $65m

The acquisition was not leveraged. Investcorp intends to focus on boosting POC's organic growth. 

The sales process was initiated by Black Diamond Equipment. The former owner ran a process to evaluate a potential sale and invited Investcorp to perform due diligence.

For the GP, POC is the second acquisition in the protective gear sector. Last year, it acquired Dainese for €130m, which produces protective gear for the motorcycle market. Investcorp stated that it would explore synergies between the two businesses.

Investcorp has been involved in the consumer sporting business since the mid-1980s. The first investment was luxury speedboat producer Riva Boats, followed by Helly Hansen, Dainese and AGV.

Company
Founded in 2004 and headquartered in Stockholm, POC produces skiing and snowboarding helmets, cycling helmets, apparel and sunglasses. The company's products are sold in 27 countries, generating a $35m turnover.

People
Gilbert Kamieniecky is a principal in Investcorp's European corporate investment group. Stefan Ytterborn is POC's founder.

Advisors
Equity – Gattai Minoli Agostinelli & Partners (Legal); DC Advisory (Financial due diligence).

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• Topics
• DACH
• Buyouts
• Consumer
• Sweden
• Mid-market buyout