ITALY: Capvis acquires Arena swimwear business
Swimwear company Arena has struck a deal to be acquired by Swiss private equity firm Capvis for an undisclosed sum.
Arena has subsidiaries in Italy, France, Germany and the US, and operates through a global network of distributors and licensees. The brand is present in more than 100 countries worldwide.
"We welcome Capvis as our new partner and look forward to working together on becoming the market leader for competitive waterwear and promoting aquatic sports globally," said Arena CEO Cristiano Portas.
Capvis partner Andreas Simon added: "As a global champion in its niche, Arena perfectly fits the Capvis investment strategy."
The acquisition is subject to approval by antitrust authorities.
|Capvis powers off the blocks with arena
Capvis, the leading Swiss mid-market private equity fund, has acquired arena, one of the world's reference brands in aquatic sports. For over 40 years, arena has equipped the world's Olympic gold medallists and watersport lovers with racing, training and leisure swimwear built on a foundation of technology and innovation. The acquisition is subject to approval by antitrust authorities.
Established in 1973 by German sports visionary Horst Dassler, son of the Adidas founder, arena was among the first swimwear companies to engage in textile and fluid dynamics research in quest to develop the fastest, lightest, smoothest and most durable products for both competitive and recreational swimmers. Throughout the years, arena has equipped some of the world's greatest swimming champions, incl. Mark Spitz, Franziska Van Almsick, Alexander Popov and Rebecca Soni to name only a few. arena continues to define trends and set standards to this very day, most recently with its Powerskin Carbon-Pro racing swimsuit featuring the breakthrough technology of 'intelligent compression'. In 2013 in Barcelona, arena counted up its most successful World Championships with almost half of all medals awarded in the pool and open water - along with three of six new world records - going to athletes wearing arena suits.
Headquartered in Tolentino (Italy), the arena research and development team works with a network of scientific partners and fabric manufacturers to develop innovative technologies applicable to racing swimwear and equipment. arena has subsidiaries in France, Germany, and the U.S., and also operates through a global network of distributors and licensees. The arena brand has a presence in over 100 countries around the globe.
Andreas Simon, partner of Capvis, comments: "As a global champion in its niche, arena perfectly fits the Capvis investment strategy. Propelled by innovation and uncompromising commitment to the sport of swimming and the brand visibility powering its surge worldwide, arena is uniquely positioned in one of the most popular sports categories. arena's brand equity, validated from premier teams and organisations, offers significant value creation potential. We have followed the company and its management for years and are thrilled to power off the blocks with them, in the true sense of the word."
Cristiano Portas, CEO of arena, confirms: "We are enthusiastic about our new shareholder Capvis who has the same vision for our brand and who shares our passion and determination for working hard to achieve great things. We welcome Capvis as our new partner and look forward to working together on becoming the market leader for competitive waterwear and promoting aquatic sports globally."
Original source: www.capvis.com
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