IDC Capital, a New York-based investment fund that has already made many important investments in Chinese companies, has acquired a stake of nearly 20 percent in the Rossignol Group. One of the goals is to help the French company to optimize its penetration of the growing Chinese market for winter sports products in view of the 2022 Winter Olympic Games in Beijing. Rossignol declines to quantify IDC's investment, which is being carried out through an equity increase that is diluting the other owners' shareholdings. In any case, Altor Capital, which acquired a 77 percent stake in Rossignol in 2013, will continue to hold the majority of the shares. Sandbridge Capital and the Boix-Vives and Weber families will remain as minority shareholders. More in SGI Europe.
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