Helly Hansen buyout completed
$985m deal closed
Canadian Tire Corporation has successfully completed the acquisition of the company which owns and operates the Helly Hansen brands and related businesses.
The deal, announced earlier this year, is valued at $985 million. Canadian Tire also assumed $50 million of the company’s operating debt.
Founded in 1877, Helly Hansen has since 2012 been majority owned by Ontario Teachers’ Pension Plan. Ontario Teachers’ initially acquired about 75 percent of the business from Altor Funds. It bought the remaining interest in 2015.