Progressio SGR has acquired a majority stake in ATK Sports
The Indulti family has sold ATK Sports S.r.l. to Progressio SGR SpA.
Headquartered in Fiorano Modenese, Italy, and founded in 1998, ATK Sports designs, produces and markets bindings and accessories for ski touring, both under its own brand ATK Bindings, as well as for third-parties, such as Black Diamond, Hagan and Elan. Additionally, it offers a rental service and after-sales assistance through a network of 15 centers across Europe. Due to its strong commitment towards innovation and quality, its products have become the go-to binding for most of the athletes taking part in the Ski Touring World Cup, as well as for many ski touring enthusiasts.
Progressio SGR will support ATK Sports in a development path that will focus on consolidating the company’s competitive positioning in Europe, on direct expansion in the USA, and in the continuous search for innovative mechanical and technological solutions. The development plan may also include further acquisitions aimed at strengthening ATK Sports’ market position. Progressio was founded in 2005 and is wholly owned by the management team. As of February 2019, it has US$590 million assets under management and has completed 22 investments since its inception.
Oaklins’ team in Italy acted as the financial advisor to the Indulti family in this transaction, which will enable ATK Sports to maintain its leadership position in the industry and become a global player.
Giovanni Indulti and Guerrina Amorotti
Founders, ATK Sports S.r.l.
Talk to the deal team
Related deals
INNOTEX has been acquired by Clearspring Capital Partners
INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.
Learn moreGARAIO has been acquired by Netrics Group
Netrics Group has acquired GARAIO AG as a wholly owned subsidiary. GARAIO will continue to operate as an independent company under the umbrella of Netrics Group. With this acquisition, Netrics Group is further expanding its leading position as a provider of managed cloud and digital workplace solutions as well as consulting services.
Learn moreAptic has received a minority investment from Sofiouest
The shareholders of Aptic have completed a primary minority LBO with Sofiouest.
Learn more