Ratos new partner for Oase Outdoors
(Thomson Reuters ONE) -
This information is disclosed pursuant to the Swedish Securities Market Act, the
Swedish Financial Instruments Trading Act of requirements stipulated in the
listing agreement.
Ratos has signed an agreement to acquire approximately 80% of the shares in Oase
Outdoors, a Danish family-owned company that supplies high-quality camping and
outdoor equipment. The purchase price (enterprise value) for 100% of the company
amounts to approximately DKK 380m, of which Ratos will provide approximately DKK
150m in equity.
Oase Outdoors designs, produces and supplies innovative camping and outdoor
equipment under three strong brands, namely Outwell®, Easy Camp® and Robens®.
The product range mainly comprises tents, camping furniture, sleeping bags and
other outdoor equipment. The three independent brands clearly cater to different
target groups - families and experienced adventurers, for example - who have
different requirements in terms of quality and price, and who want to enjoy the
outdoors with high-quality equipment. Resellers distribute the products globally
to more than 40 markets. The camping equipment and outdoor products market is
attractive, stable and growing with many interesting underlying growth trends.
Product innovation and new material technologies as well as consumers' growing
desire for close-to-nature experiences and outdoor recreation are a few of the
trends fueling demand for high-quality and user-friendly equipment.
Founded in 1984, Oase Outdoors is today owned and run by the Arens family.
Company headquarter is located in Give, Denmark. Ratos will invest in
partnership with Henrik Arens, the company's Managing Director and largest owner
who will continue as Managing Director. Henrik and key management personnel will
together own around 20%. The company has approximately 70 employees. As per the
most recent financial year of October 2014/2015, company sales amounted to DKK
266m and adjusted EBITA to DKK 36m.
"Oase Outdoors has a strong consumer-driven corporate culture that focuses on
innovation and quality, which has generated positive sales growth in recent
years and secured a sound market position in Europe. In partnership with Henrik
and the rest of the Oase Outdoors team, we see far-reaching opportunities to
continue to develop the organisation when it comes to geographic expansion and
continued product development. From our perspective, this is an extremely
interesting investment opportunity for Ratos when we pair their expertise with
our background in similar investments and growth ventures," says Robin Molvin,
Investment Director Ratos.
"We have been looking for a partner that has the relevant expertise and
experience as well as the financial resources to enable Oase Outdoors to grow
even more and realise its full potential. We recognise that Ratos is an
established and responsible investor - we believe that their experience of
active ownership, successful investments in our sector and their strong value
foundation will benefit us as we continue to grow and develop," says Henrik
Arens, MD of Oase Outdoors.
Ratos is acquiring approximately 80% of Oase Outdoors. The purchase price
(enterprise value) for 100% amounts to approximately DKK 380m. Based on
estimated net debt on completion of the deal, Ratos is expected to provide
equity of about DKK 150m for an ownership of approximately 80%. The acquisition
is subject to approval by the relevant authorities and is expected to be
completed in the third quarter.
For further information, please contact:
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Financial calendar from Ratos:
Interim report January-June 2016 19 August 2016
Interim report January-September 2016 10 November 2016
Ratos is an investment company that owns and develops unlisted medium-sized
Nordic companies. Our goal as an active owner is to contribute to the long-term
and sustainable business development in the companies we invest in and to make
value-generating transactions. Ratos's portfolio consists of 19 medium-sized
Nordic companies and the largest segments in terms of sales are Construction,
Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and
has a total of approximately 16,000 employees.
Press release (PDF):
http://hugin.info/1180/R/2024305/752204.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ratos via GlobeNewswire
[HUG#2024305]
Unternehmensinformation / Kurzprofil:
Datum: 30.06.2016 - 13:45 Uhr
Sprache: Deutsch
News-ID 481021
Anzahl Zeichen: 5360
contact information:
Town:
Stockholm
Kategorie:
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"Ratos new partner for Oase Outdoors"
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