July 2025 –Kinstellar has successfully advised Black Diamond and its parent company Clarus, a global leader in climbing, skiing, and outdoor sports equipment, on the divestiture of its snow safety business by selling the shares in Black Diamond Austria GmbH and its operating subsidiary, PIEPS GmbH, to an international private investment firm.
This cross-border transaction represents a strategic portfolio adjustment for Black Diamond and Clarus, enabling the company to sharpen its focus on its core areas of expertise, while ensuring continued growth opportunities for the snow safety brand Pieps under new ownership.
Our team provided comprehensive legal support throughout the transaction, including structuring, negotiation, and execution of the deal documentation. The transaction underscores our deep expertise in handling complex international carve-outs.
The Kinstellar team was led by Hartwig Kienast (Partner), supported by Agnes Lackenberger (Senior Associate) and Alexander Knobl (Associate).