Progressio SGR has acquired a majority stake in ATK Sports
May 2021 — 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.
Our role in the transaction
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
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn more