ATK SPORTS acquired by SIPAREX
Context
Siparex ETI has signed an agreement to acquire a majority stake in ATK Sports, succeeding Progressio SGR, which had been the majority shareholder since 2021. This transaction is a secondary LBO conducted alongside the founding Indulti family, led by CEO Davide Indulti, and supported by financial co-investors including BNP Paribas. The deal represents a significant milestone for Siparex’s Italian team, illustrating the group’s strategy to strengthen its pan-European footprint by supporting high-performing Italian industrial exporters. The strategic rationale for the acquisition is to propel ATK Sports into its next phase of global growth. The plan includes accelerating international expansion, particularly in the United States where the company recently opened a subsidiary in Salt Lake City, and developing the fast-growing "hybrid" binding segment. Furthermore, the partnership aims to drive product diversification by leveraging ATK’s mechanical expertise to enter the cycling sector with revolutionary braking systems. The operation will combine organic growth with a targeted acquisition strategy to widen the company’s scope within the high-tech outdoor equipment universe. This deal highlights the strong market demand for specialized, vertically integrated manufacturers that combine traditional craftsmanship with modern engineering and high-growth potential in the global outdoor leisure market.
ATK SPORTS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
ATK Sports is a global leader in the design and manufacturing of high-performance ski touring bindings and specialized aluminum components for the outdoor industry. The company operates a fully integrated industrial model, emphasizing "100% Made in Italy" engineering and mechanical excellence. Its value proposition is centered on technical innovation, lightweight precision, and premium positioning within the high-end ski equipment market. ATK serves a global customer base, with a significant majority of its activity generated through an extensive international network of specialized retailers and distributors across more than 30 countries. The company’s strategy focuses on maintaining a center of excellence for research and mechanical engineering, recently expanding its industrial footprint with a new headquarters in Maranello to triple production capacity. By leveraging its expertise in high-tech critical equipment, ATK aims to diversify its product lines into other high-value outdoor segments, such as advanced braking systems for the cycling industry, while sustaining its reputation for reliability and technological leadership in winter sports.
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Historical Financials (EUR)
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REFERENCES
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: atk sports
Acquirer: siparex