Ontario Teachers' Helly Hansen buys sailing brand Musto: Reuters
Norwegian outdoor clothing company Helly Hansen has agreed to buy British sports brand Musto from Phoenix Equity Partners and other shareholders for an undisclosed sum, Reuters reported. The Musto acquisition would help further its ambitions to grow in the British market and reinforce its position as a sailing clothes specialist, Helly Hansen said. Helly Hansen, founded in Norway in 1877, is majority owned by Ontario Teachers’ Pension Plan. Ontario Teachers' acquired its interest in the company from Altor Funds over 2012-2015.
19 October 2017•1 min read
