FRANCE – Activa takes 37% stake in Sport 2000
Activa Capital has acquired a 37% stake in sports retailer Sport 2000. The deal will lead to a demutualisation of the company's current co-operative structure and the regroupment of all 398 ‘co-op’ members to transform it into a private company structure.
Sport 2000, which has locations in 13 countries, generated a EUR 580m turnover through its 530 stores in France and EUR 2.4bn worldwide in 2007. The company will seek to open new outlets as part of its development strategy.
Sport 2000 is Activa’s first investment from the EUR 320m Activa Capital II fund, which was raised in 2007.
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