Jamieson advise the management team of Helly Hansen on the sale to Canadian Tire Corporation, Limited.
Canadian Tire Corporation, Limited has agreed to acquire Helly Hansen Group AS, from Ontario Teachers’ Private Capital for $985 million. Founded in 1877, Helly Hansen is known for its professional grade gear and for being a leader in designing innovative and high quality technical performance products developed for the harshest outdoor conditions. Within its core categories of sailing, skiing, mountain, urban, rainwear and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. With wholesale and retail distribution capabilities across more than 40 countries, Helly Hansen is a trusted and celebrated brand worldwide.
The transaction will further help Helly Hansen to scale up its operations in Canada, and to strengthen its growth. “CTC provides us with the ideal platform to further accelerate our growth trajectory and also strengthen our Canadian presence. This is a great opportunity for Helly Hansen and our team,” said Paul Stoneham, CEO, Helly Hansen. “As a Canadian, I am particularly proud to say that Canadian Tire is the new home for Helly Hansen.”
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