We advised Tahe Outdoors OU on the acquisition of the French company BIC Sport

The Estonian manufacturer of watersports equipment Tahe Outdoors OU is continuing its international expansion and bought BIC Sport, the watersports subsidiary of the French BIC group, for 6 to 9 mln euros.
 
This transaction will lead to the creation of a new and dynamic worldwide player, with unique industrial technologies across a wide range of products and an international network of specialist retailers. BIC Sport’s products will continue to be manufactured and sold under license, together with the SIC & OXBOW Brands.
 
Founded in 1979, BIC Sport pioneered the windsurf industry and progressively diversified its activities to include surfing, kayaking, junior racing dinghies and stand-up paddleboarding. Headquartered in Vannes, France, BIC Sport sells its products in more than 90 countries.
 
Tahe Outdoors is one of the most successful and dynamic European manufacturers of paddle sports and kitesurf products, with strong brands such as Tahe Marine, Core, Zegul, Egalis… Founded in 1989, based in Estonia, Tahe Outdoors is distributed in more than 50 countries with products manufactured in France, Germany & Estonia.
 
The transaction was advised by  Ellex Raidla’s Partner Risto Vahimets, Senior Associate Karl-Erich Trisberg and Associate Anna Trine Raudsepp.