M&A Deal Summary

Canadian Tire Acquires Helly Hansen

On May 10, 2018, Canadian Tire acquired apparel/textiles company Helly Hansen from Ontario Teachers Pension Plan for 985M USD

Acquisition Highlights
  • This is Canadian Tire’s 1st transaction in the Apparel/Textiles sector.
  • This is Canadian Tire’s largest (disclosed) transaction.
  • This is Canadian Tire’s 1st transaction in Norway.

M&A Deal Summary

Date 2018-05-10
Target Helly Hansen
Sector Apparel/Textiles
Buyer(s) Canadian Tire
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition
Deal Value 985M USD

Target

Helly Hansen

Oslo, Norway
Helly Hansen is known for its professional grade gear and engages 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.

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Buyer(S) 1

Buyer

Canadian Tire

Toronto, Ontario, Canada

Category Company
Founded 1922
Sector Retail
Employees14,322
Revenue 16.7B CAD (2023)
DESCRIPTION

Canadian Tire offer products and services that help Canadians live active, healthy lives and our store network and staff connect communities from coast-to-coast. Canadian Tire was incorporated in 1922 and is based in Toronto, Canada.


DEAL STATS #
Overall 4 of 4
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Norway) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Padinox

Winsloe, Prince Edward Island, Canada

Padinox, Inc. the company which owns the Canadian rights to the Paderno brand. Paderno is a well-known kitchenware brand with strong roots in Canada and holds a reputation for excellence in craftsmanship and quality. This brand, coupled with Canadian Tire's strength in product development and marketing, will play a central role in Canadian Tire's new cooking innovations and expanded Kitchen assortment.

Buy -

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 38 of 73
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 15 of 30
Country (Norway) 1 of 1
Year (2018) 2 of 3
Size (of disclosed) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-22 GFL Environmental

Vaughan, Ontario, Canada

GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy €4.6B