Business news : Private Equity Fund EMERAM acquires Boards & More Group

Private Equity Fund EMERAM acquires Boards & More Group

Munich, 28 November 2013 Funds advised by EMERAM Capital Partners GmbH, Munich, today announced the acquisition of Boards & More Group, the world's leading company for Kitesurfing, Windsurfing and Stand Up Paddling equipment. The company based in Molln, Austria, recently also entered the market for high performance bikewear. EMERAM and the seller, Swiss Airesis Holding, agreed on a purchase price of around EUR 39m.

With its four high-performance brands North Kiteboarding, Northsails, ION and Fanatic, Boards & More has achieved significant growth over the past 10 years and in 2012 generated revenues of EUR 45 million.

Till Eberle, CEO Boards & More: 'We are very impressed by the professionalism and dedication, with which the EMERAM team has driven the acquisition process. The experience and the networks of the EMERAM partners undoubtedly are unique in the market and this 'EMERAM Edge' will not only enable us to significantly grow our existing business, but also expand into new segments, thus taking Boards & More to the next stage of its development.'

Volker Schmidt, Partner, EMERAM Capital Partners: 'The Boards & More management team led by CEO Till Eberle has successfully developed the company to the global leader in its core business segments. The company's business lines are supported by strong underlying global trends attracting an increasing number of people towards high-activity sports. We are delighted to have secured this outstanding opportunity for our investors and now look forward to co-operating with Till and his team to materialize on the tremendous growth perspectives ahead.'
Transaction facts:

Equity for this transaction will be provided by EMERAM Private Equity Fund I. EMERAM's partner in this transaction: Kurt Salmon Associates (Commercial), KPMG (Financial and Tax Structuring), Wenger & Vieli; Watson, Farley & Williams and bpv Hügel (Legal).

About EMERAM Capital Partners:

Based in Munich, Germany, EMERAM Capital Partners was founded in 2012 as an independent partnership aimed at becoming the leading investment company focused on equity investments in 'Mittelstand' companies in Germany, Austria, and Switzerland.

Together, the six founding partners have an outstanding and complementary track record of investing in, advising and managing highly successful companies. Collectively, the team has been active as a principal investor for 45 years, completed more than 25 deals, served on more than 40 company boards, and aggregates more than 30 years of experience in both top management consulting and operational management. EMERAM Capital Partners therefore represents one of the most successful and experienced investors within its target segments and combines in-depth sector knowledge with operational expertise in order to act as a powerful catalyst for ambitious and growing companies.

Contact:
Nicholas Wenzel/ T +49 89 599458 115


By press release

Note : After selling Boards & More, Airesis conserv in its portfolio 69% turnout in French sports clothing brand Le Coq Sportif , for which it said it expects for 2013 a turnover down 14 % to 50.8 million EUR as well as a negative EBITDA.

The autumn / winter collection will not make up for the low level of sales observed in late June, the company warns . However, the direction of Airesis said to be confident that Le Coq Sportif can find the path of growth because of its international development and sale of the product line " Apparel " .

The action Airesis finished with a gain of 7.24% to 1.63 on the exchange, while the SPI gained 0.18%.


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