CCM marks 125 years as Northleaf and Altor join forces to expand its global operations
Northleaf Capital Partners has joined forces with Swedish private equity firm Altor Equity Partners to invest in CCM Hockey, a Montreal-based manufacturer of hockey equipment.
Financial terms of the agreement were not disclosed, as reported by BNN Bloomberg.
Altor, known for owning Rossignol Group, announced last year that it had acquired a ‘significant’ majority stake in CCM from Birch Hill Equity Partners.
This partnership with Northleaf aims to leverage CCM’s legacy, industry trends, and Altor’s expertise in the consumer sector.
“Northleaf is proud to be a part of Canadian hockey history and support CCM’s next stage of growth, alongside a trusted mid-market sponsor like Altor,” said Michael Flood, head of Private Equity at Northleaf.
“CCM’s iconic brand and strong industry tailwinds, coupled with Altor’s deep consumer experience, create a very attractive opportunity to generate strong risk-adjusted returns for our investors.”
Marrouane Nabih, CEO of CCM Hockey, remarked, “This is an exciting new chapter to mark CCM’s 125-year anniversary. Northleaf and Altor’s partnership will enable us to scale our ambitious growth strategy and pursue new opportunities across CCM’s global portfolio.”
According to the press release, this investment highlights Northleaf’s commitment to working with mid-market companies.
