×
150
Fashion Jobs
COMET GRANITO PRIVATE LIMITED
Vacancy For Area Sales Manager
Permanent · Vadodara
DRYCHEM SOLUTIONS PRIVATE LIMITED
Opening For Area Sales Manager - Walplast Products Pvt Ltd - Mumbai
Permanent · Mumbai
LEAD HR SERVICES PVT. LTD.
Manager Production Control And Logistics For Automotive in Chennai
Permanent · Chennai
EXPLODE SERVICES
Production Manager Home Furnishing For Noida Location
Permanent · Noida
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Ahmedabad
BVR PEOPLE CONSULTING
Production Manager/Chennai
Permanent · Chennai
LABCURE DIAGNOSTIC PRIVATE LIMITED
Area Sales Manager
Permanent · Dehradun
BIG SOFT HR SOLUTIONS
Technical Manager (Maintenance & Production) @ Corporate Office
Permanent · Mumbai
ESTÉE LAUDER
Clinique - Consultant - Nykaa Trillium Mall, Amritsar - 40 Hours - Full Time, Permanent
Permanent · Amritsar
L'OREAL GROUP
Executive - Sales
Permanent · Rajkot
LEVI'S
Senior Specialist HR
Permanent · Bengaluru
ALEMBIC PHARMA
Area Development Manager
Permanent · Pune
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Nagpur
KISHOR EXPORTS
Production Manager
Permanent · Ranchi
SNEHA SYNERGY SOLUTIONS PVT LTD
Production Manager in Manufacture Company at Sangareddy
Permanent · Sangareddy
CORPORATE RESOURCES
Manager – HR & Admin (Garments)
Permanent · Salem
ELECTRONICA FINANCE LTD
Area Sales Manager - Coimbatore Machinery Loan
Permanent · Coimbatore
CORPORATE RESOURCES
Area Sales Manager (Fmcg)
Permanent · Coimbatore
ZTT INDIA PRIVATE LIMITED
Production Manager
Permanent · Lady Lake
ACADECRAFT PVT. LTD.
Video Production Manager
Permanent · Noida
By
Reuters
Published
Apr 2, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Altor lines up clothing firm Helly Hansen for sale

By
Reuters
Published
Apr 2, 2012

STOCKHOLM - Nordic private equity firm Altor is to put its outdoor clothing brand Helly Hansen up for sale next week, a sale likely to attract bids from a number of major retail firms, people familiar with the matter said.


Helly Hansen

Global lifestyle apparel giant VF Corporation, U.S. consumer products maker Jarden Corp, French luxury and retail group PPR - owner of both Gucci and Puma - and Columbia Sportswear Co have all expressed some kind of interest in the company after a teaser was sent out earlier this year, the industry and banking sources said.

"It (the information memorandum on Helly Hansen) is going out in a few days," said an industry source.

A banker looking at the process said he expected retailers to be most interested, though private equity might bid too.

In 2010, Japanese sporting goods company Asics Corp bought Swedish outdoor equipment maker Haglofs Holdings AB for 11.4 billion yen ($138.6 million) from Swedish investment fund Ratos AB in a bid to expand its global sales. That was equal to an EBITDA multiple in the mid-teens.

The banker looking at the process reckoned Helly Hansen could get sold at an EBITDA multiple in the low to mid-teens.

The firm had sales of 1.6 billion Norwegian crowns ($280.50 million) in 2011 and EBITDA of about 150 million crowns.

Altor bought Helly Hansen for 800 million Norwegian crowns in 2006, the same year that the firm launched a recovery plan based on integrating production with sales, innovation and cutting underperforming staff and stores.

It already earned back its investment last year when it sold Helly Hansen Pro, a subsidiary focusing on survival suits, boat canopies and textile-based products for agriculture, industry and health sectors, to Montagu Private Equity.

Helly Hansen traces its roots back to a Norwegian sea captain of the same name who produced his first oilskin weather protective waterproof jacket in 1877. ABG Sundal Collier and RW Baird are advising Altor on the sale. ($1 = 5.7550 Norwegian krones) ($1 = 82.2550 Japanese yen) ($1 = 5.7040 Norwegian krones) (Reporting by Mia Shanley; Editing by Andrew Callus)

© Thomson Reuters 2021 All rights reserved.