Deal with Altor reportedly values Rossignol at EUR150m.

M2 EQUITYBITES-July 16, 2013-Deal with Altor reportedly values Rossignol at EUR150m(C)2013 M2 COMMUNICATIONS http://www.m2.com

16 July 2013 - Sweden's Altor Equity Partners is buying French sports goods maker Rossignol Group in a deal valuing the ski equipment company at some EUR150m (USD196m), according to a Reuters source.

Altor announced on Monday that its Altor Fund III would buy Rossignol Group together with management, Weber Investment and the Boix-Vives family. The fund, which plans to take 80% in the French group whose portfolio includes top winter sport brands Rossignol and Dynastar skis, Look bindings, Lange boots, Kerma poles and Risport figure skates, did not disclose the financial terms of the transaction.

The vendors are Australian bank Macquarie Group Ltd (ASX:MQG) and US consumer products specialist Jarden Corp (NYSE:JAH), holding 77% and 17% in Rossignol respectively.

Reuters cited Rossignol Group's CEO Bruno Cercley as saying that...

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