Birch Hill to buy CCM hockey brand from Adidas for $110 mln
Canadian private equity firm Birch Hill Equity Partners has agreed to acquire the CCM ice hockey brand of Adidas Group, a German sportswear company. Birch Hill agreed to pay US$110 million for the business, the majority of which will be paid in cash and the remainder in the form of a secured note. The deal is expected to close in the third quarter of 2017. Headquartered in Montréal, CCM is a manufacturer of ice hockey equipment. It was acquired by Reebok, now a subsidiary of Adidas, in 2004. Earlier this year, Bauer ice hockey gear maker Performance Sports Group Ltd was bought by Sagard Capital Partners and Fairfax Financial Holdings.
27 July 2017•3 mins read
