The Austria-based business had revenues of €45m last year, and recently entered the market for high-performance bikewear.
Equity for this transaction was provided by Emeram Private Equity Fund I.
Emeram partner Volker Schmidt said, “The Boards & More management team led by CEO Till Eberle has successfully developed the company to the global leader in its core business segments.
“The company’s business lines are supported by strong underlying global trends attracting an increasing number of people towards high-activity sports.
“We are delighted to have secured this outstanding opportunity for our investors and now look forward to co-operating with Till and his team to materialize on the tremendous growth perspectives ahead.”
Emeram was launched last year by former Apax Partners and Riverside Company executives to target Mittelstand companies in Germany, Austria and Switzerland.
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