The buyer is Chartreuse & Mont Blanc, a ventureput together by former Rossignol CEO Bruno Cercley with a majority owned bypublicly traded Macquerie Group (MQG) and a non-voting minority owned by JardenCorp. The involvement of Jarden seems to raise the possibility that Rossignolwould be able to move much of its lower margin rental and package business toJarden’s production facility in China at some point.

With the divestiture expected to close this fall, ZQKwill recover €75 million in cash and accept another €25 million in a note fromthe buyer. That will leave it well short of the $400 million that ZQK borrowedto ... Log in to view full article.