Odlo Sports Group moving to Herkules Capital
The shareholders of Odlo Sports Group AG, including funds advised by Towerbrook Capital L.P., entered into a definitive agreement to sell their shares of Odlo Sports Group AG to funds advised by the Norwegian private equity firm Herkules Capital. Founded in 1946, Odlo is a leading European manufacturer of functional sportswear. Closing is expected to occur within four weeks from the date of signing.
Lenz & Staehelin advises Odlo and Towerbrook in this transaction. The team includes partner Hans-Jakob Diem and associates Veronika Nutt (M&A/Corporate) and Marcel Tranchet (Finance).