RVRC Holding has entered into a definitive agreement to acquire 90.1% of the shares in sportswear label ICANIWILL. The headline purchase price corresponds to 100% of the company on an enterprise value basis of SEK 700 million.
The transaction is structured to allow RVRC Holding an option to acquire the remaining outstanding shares at a later stage. In addition, the purchase terms include potential deferred consideration: up to SEK 175 million may become payable after the close of the 2026 and 2027 calendar years, contingent on predefined EBIT performance criteria being met.
To fund the acquisition, RVRC Holding will deploy a combination of on-hand cash reserves, available credit facilities and the transfer of treasury shares. The company has communicated an expectation that the acquisition will be accretive to earnings per share in both 2026 and 2027.
ABG Sundal Collier is acting as financial adviser to RVRC Holding in connection with the deal.
Context and immediate effects
The agreement commits RVRC Holding to a majority ownership position at closing while preserving a contractual pathway to full ownership via the put/call-style option on the remaining shares. The inclusion of an earn-out mechanism tied to EBIT outcomes over two post-close years links a portion of the consideration to future operational performance.
Financial structuring
RVRC Holding's stated financing mix combines liquidity, borrowing capacity and treasury share transfers. The mix suggests a blended approach to funding that relies on internal resources, external credit lines and equity-related instruments.
Advisory
ABG Sundal Collier is the named financial adviser for RVRC Holding for this transaction.