King & Wood Mallesons advised Rossignol on the arrival of new investor Sandbridge Consumer Fund I, L.P into the company’s group capital, in order to expand its textile business with the creation of a dedicated apparel subsidiary, Rossignol Apparel Sas.

The American investor Sandbridge Capital is taking a minority position alongside majority shareholder Altor (“Altor Fund III”), the Nordic investor with valuable experience in the outdoor and textile sector. Other current shareholders include French investment company Weber Investment, the Boix-Vives family, and the management team, including its CEO Bruno Cercley.

The Rossignol Group, headed by Bruno Cercly, designs, manufactures and markets a broad range of sliding winter sport equipment. Rossignol, headquarted in Moirans, France, houses a portfolio of strong and complementary brands. The group generated close to €230 million in turnover in 2013 and employed roughly 1,200 people. The newly created apparel subsidiary will centralise all textile-related activities.

Sandbridge Capital is an investment firm that makes growth-equity investments in middle market consumer brands. Based in New York and Los Angeles, the group invests exclusively in the branded consumer retail and services sector.

The King & Wood Mallesons team was composed of Corporate partner Thomas Maitrejean and associates Thomas Dupont-Sentilles and Charlotte Cloix, as well as of Tax partner Raphael Bera and counsel Gwenael Kropfinger in Paris, along with Corporate counsel Bertrand Géradin in Luxembourg.