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RVRC Holding to Acquire 90.1% Stake in ICANIWILL for SEK 700 Million
Summary
RVRC Holding has entered an agreement to purchase a 90.1% stake in the sportswear brand ICANIWILL, based on an enterprise value of SEK 700 million. The deal includes potential future payments and is expected to be accretive to RVRC's earnings per share.
RVRC Holding has announced it will acquire a 90.1% stake in the sportswear company ICANIWILL. The agreement's initial purchase price is based on an enterprise value of SEK 700 million for 100% of the shares.
The transaction includes a potential additional purchase price of up to SEK 175 million. This additional payment is contingent on ICANIWILL meeting specific EBIT (Earnings Before Interest and Taxes) targets at the end of the 2026 and 2027 calendar years. The agreement also grants RVRC Holding an option to acquire all remaining shares in the company at a later date.
To fund the acquisition, RVRC Holding intends to use a combination of its existing cash reserves, available credit facilities, and the transfer of its own treasury shares.
AdThe company anticipates that the acquisition will be accretive to its earnings per share for the fiscal years 2026 and 2027. ABG Sundal Collier is serving as the financial adviser for the transaction.