Global private equity and venture capital news and research

Canada Goose looks for private equity backers

16 Apr 2013

toronto night_sqCanada Goose is reportedly looking to bring new investors – possibly private equity firms – on board to capitalise on rising demand for its winter clothing.

The Toronto-headquartered company has hired investment bank Canaccord Genuity to help find new investors, said Reuters, citing sources familiar with the situation.

It is set to send information packages to potential investors including sector peers Nike, Adidas, Helly Hansen, The North Face, and Percival. Canaccord is also said to be targeting private equity firms including Blackstone, Permira, Quadriga Capital and Equistone, which are interested in investing in clothing businesses.

Some industry sources said Canada Goose might consider an outright sale, but the company denied it, saying it could only offer a minority interest.

Chief executive Dani Reiss told Reuters, “We’re certainly exploring options to introduce additional equity into the company,” adding that the company was interested in finding a value-added minority partner.

Canada Goose currently has an EBITDA of C$25m on sales of C$200m, a source todl Reuters.

The report noted that Ontario Teachers’ Pension Plan acquired a majority stake in Helly Hansen for $350m last year, which was well above the initial investment by private equity owner Altor.

In 2011, Blackstone bought German clothing company Jack Wolfskin for €700m from Quadriga and Equistone, which acquired the business for €93m in 2005.

Copyright © 2013 AltAssets


Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014