Swiss Calida Successfully Acquired Lafuma, An Outdoor Brand In France

In mid November, French outdoor apparel and equipment company Lafuma board of directors It has approved the takeover offer from Calida group, a famous Swiss underwear manufacturer and seller. In the early October, Calida It is proposed to increase the shareholding ratio of Lafuma from the current 15.3% to 50.6% in the form of 35 million euros ($47 million), and then subscribe for the remaining outstanding shares. At present, Calida has only 15% stake in Lafuma group.

According to the plan, the first step is that the Lafuma group will reserve 2 million 500 thousand shares to Calida, with a face value of 20 million euros, and the issue price will be set at 14 euro per share, which means that Calida will pay 35 million euros. After this transaction is completed, the Calida group's shareholding ratio for Lafuma will increase from 15.3% to 50.6%. Proposal of 14 euros per share Issue price Represents a weighted average price premium of around 5% over the past 60 days. The transaction must be approved before the end of the year.

After the above capital increase plan, Calida group, a major shareholder of Lafuma group, will be able to make an announcement to other shareholders. Buy Offer and offer a price of 14 euro per share. However, the price must be approved by the French financial market regulator and confirmed by the independent evaluation report. The transaction plan began in 2014.

Next, Lafuma started the second round of the 10 million euros worth of capital increase plan. In this round, other shareholders will also have subscription rights, and the issue price will be set at 9 euros per share, with a discount of 36% based on the offer price.

　　 Calida The Swiss Corporation's majority stake in the acquisition of Lafuma group indicates its long-term development prospects for Lafuma and its several outdoor brands. Lafuma group also said publicly that if the transaction is completed, it will have a positive impact on the future development of the company.

Calida group (CALIDA-Group) is a famous Swiss underwear. Home clothes manufacturing And its brands include Calida and AUBADE In 2012, the total income was 225 million euros.

　 Lafuma In recent years, development has encountered many problems, and financial figures have been underperforming. As of the end of September, the group's sales in the 2012/13 fiscal year were only 193 million 600 thousand euros ($253 million 900 thousand), a sharp decrease of 27.2% over the previous fiscal year, and even 12.3% in the monetary neutrality. To cut costs, Lafuma decided to lay off 161 in June this year, close to 1/4 of the total.