this post was submitted on 02 Oct 2024
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Canadian hockey equipment maker CCM to be bought by Swedish private equity firm (www.cbc.ca)
submitted 1 day ago by [email protected] to c/[email protected]
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Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada's iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel.

Private equity firms are increasingly looking toward the booming sports sector, where companies partner with popular leagues that attract large crowds and foster a loyal customer base.

In August, NFL owners allowed some private equity firms to buy up to a 10 per cent stake in any team, joining other major leagues such as the NBA and MLB, among others, in allowing limited investment from funds.

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[–] [email protected] 6 points 1 day ago

And late-stage capitalism claims another victim.

[–] [email protected] 20 points 1 day ago

Terrible news, private equity firms ruin everything they touch.

[–] [email protected] 17 points 1 day ago

Headline from 2030 - CCM completes bankruptcy filing after asset sell-off to line pockets of major investors

[–] [email protected] 6 points 1 day ago

Great news for investors. Bad news for everyone else.