Fashion Investments and M&A

Date: Announced 10 May 2018 (closing in Q3)
Buyer: Canadian Tire Corp
Target: Helly Hansen
Business: Global brand and leader in sportswear and workwear
Value: C$985 million
Details: Canadian Tire Corporation, has agreed to acquire the Norway based company that owns and operates the Helly Hansen brands and related businesses from the Ontario Teachers’ Pension Plan, for $985 million, (which assumes approximately $50 million of operating debt, net of cash).