Our Toronto, London, Paris, Munich, Hong Kong, Milan, Amsterdam, Warsaw, Moscow and New York offices have advised Canadian Tire on its purchase of Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway for C$985m. The transaction is expected to close in Q3 2018, and is not subject to financing conditions. 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, (TSX:CTC.A) (TSX:CTC) or "CTC," 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 Jon Perry, Pierre Dagenais, Bruce Sheiner, Trevor Zeyl (Corporate, M&A and Securities), Adrienne Oliver, Dominic Stuttaford, Remco Smorenburg (Tax), Kevin Ackhurst (Competition/Anti-Trust), Mike Knapper (Regulatory), Matthew Findley (Employee Benefits and Executive Compensation), Michael Lieberman (Real Estate), and Noah Schein (Finance).