Our Toronto, London, Amsterdam, Moscow, Warsaw, Paris, Munich, Hong Kong, Milan, and New York offices advised Canadian Tire’s on its acquisition of Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway for C$985m. The transaction closed on July 3, 2018.
The acquisition of Helly Hansen is expected to strengthen Canadian Tire’s core retail banners (Sportchek, Atmosphere, Sports Experts, National Sports and Mark’s), which have a long-standing history with the Norwegian brand as some of its leading clients.
Canadian Tire Corporation Limited is a family of businesses that includes a retail segment, a financial services division and CT REIT. Founded in 1922, Canadian Tire provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.
The cross-border transaction was led by Walied Soliman, Terence Dobbin and Troy Ungerman, and included Chris Pearson, Jon Perry, Pierre Dagenais, Bruce Sheiner, Seemal Patel, Trevor Zeyl, Robert Corbeil, Saskia Blokland and Jasper Geerdes (corporate, M&A and securities), Adrienne Oliver, Brian Milne, Dominic Stuttaford and Remco Smorenburg (tax), Kevin Ackhurst and Anastasia Kastelskaya (competition/anti-trust), Chris Hunter (intellectual property), Robert Percival (information technology), Mike Knapper (regulatory), Lisa Cabel and Senka Grahovac (employment & labour), Matthew Findley (employee benefits and executive compensation), Michael Lieberman and Alex Fane (real estate), Noah Schein (finance), and Sara Josselyn (insurance).