AS Adventure destined for sale or IPO

AS Adventure destined for sale or IPO

Belgian outdoor chain AS Adventure is changing ownership, as its current British owner Lion Capital has asked a business bank to "look at the strategic options", with both a sale or an IPO as an option.

85 % ownership since 2007

According to Belgian newspaper De Tijd, Lion Capital has tasked business bank Rothschild to prepare an "exit" from AS Adventure. Not only a sale is on the table, but also an IPO - after Pets at Home and Poundland have successfully entered the stock exchange in the United Kingdom.

 

Lion Capital purchased AS Adventure in 2007 from the Lathouwers family, allegedly paying 263 million euro (including 48 million euro to clear the debt), for nearly 85 % of the shares. Management and founder / former CEO Emiel Lathouwers (nearly 10 %) own the remainder of the shares.

 

From 200 to 360 million euro turnover in 5 years

AS Adventure and its affiliate chains Bever Zwerfsport (in the Netherlands) and Cotswold Outdoor (in Great Britain) all grew under Lion Capital's wings to become an important party in the outdoor market. The group realized a 200 million euro turnover in 2007, although its 2013 turnover was already at 360 million euro. That increase will surely help Lion Capital realize a decent surplus.

 

The chain's current leader is Frédéric Hufkens, former advisor to the now deceased Paul-Louis Halley (Carrefour) and Change Capital's co-founder, while Belgian Luc Vandevelde (former CEO at Marks & Spencer) is currently the president at Change Capital.

Questions or comments? Please feel free to contact the editors


New CEO for Nestlé Belgilux

23/11/2017

Nestlé announced that Michel Mersch will become Nestlé Belgilux’ new CEO. He will succeed Alexander von Maillot, who will transfer back to the Swiss main office.

Rémy Cointreau's expensive cognacs perform well in Asia

23/11/2017

French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.

Online FMCG sales continue to soar

22/11/2017

According to a new Kantar Worldpanel report, online grocery sales grew 30 %, in stark contrast with the overall 1.3 % increase. Online sales now contribute 4.6 % to the overall FMCG sales, but that will grow to 10 % (145 billion euro) by 2025.

Nestlé considers Hain Celestial acquisition

22/11/2017

Nestlé is allegedly interested in a Hain Celestial acquisition. The food company manufactures organic and vegetarian food and is currently valued at about 3.5 billion euro.

Scotland is first to enforce minimum alcohol price

21/11/2017

Scotland is the first in the world to finally enforce a minimum price for alcohol. The law as approved in 2012, but whisky distillers managed to block the legislation up until now.

Europe approves organic reform, Belgium abstains

21/11/2017

The European Commission approved new legislation to simplify organic agriculture in Europe. It will be enacted in July 2020. There was no agreement among Belgian politicians, which is why Belgium abstained.

Back to top