Equistone Partners Europe said Oct. 22 that it submitted a binding offer to Groupe Go Sport to buy Courir. The equity value of the offer is 283 million euros ($325.67 million). Courir provides sports footwear through 248 stores in France and 29 abroad, including two in Spain.
Paris, 22 October 2018 – Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors, today submitted a binding offer for the acquisition of the whole business of Courir.
The equity value of this offer is €283m. In this context, Equistone Partners Europe has entered today into exclusive negotiations with Groupe Go Sport.
The completion of this project remains subject to the consultation of employees’ representative bodies and clearance from the relevant antitrust authorities.
The completion of this transaction could occur in the course of H1 2019.
ABOUT EQUISTONE PARTNERS EUROPE
Equistone is an independent investment firm wholly-owned and managed by its executives. The company is one of Europe’s leading investors in mid-market buyouts with a strong, consistent track record spanning over 30 years, with more than 400 transactions completed in this period. Equistone has a strong focus on change of ownership deals and aims to invest between €30m and €150m of equity in businesses with enterprise values of between €50m and €500m. The company has a team of over 35 investment professionals operating across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone is currently investing its sixth buyout fund, which held a final closing at its €2.8bn hard cap in March 2018.
Equistone is authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.equistonepe.com
ABOUT GO SPORT
GO Sport is a sporting multi-specialist who supports athletes to reach their goals, by offering the good equipment, the good advice and the good service. Founded in the heart of the Alps following the Winter Olympic Games in the late 1970s, GO Sport operates 220 stores in France (of which 125 affiliates) and 78 abroad (of which 34 in Poland).
Further information can be found at www.go-sport.fr
With 248 stores in France (of which 58 affiliates) and 29 abroad (of which 2 in Spain), Courir imposed itself as the frontrunner of the sneaker fashion in France, especially among women and 15-25 years old.
Further information can be found at www.courir.com