BARINGS COMPLETES THE ACQUISITION OF AQUALUNG GROUP

Aqualung Group, founded in 1943 by Captain Jacques-Yves Cousteau and Émile Gagnan, is a pioneer in modern diving equipment. Their development of the first “aqua-lung” regulator revolutionized underwater exploration. Today, Aqualung Group continues to be the leading global designer and manufacturer of dive and water sports gear, catering to recreational, military, and professional markets. Their commitment to quality, research, and testing has set industry standards in technology, comfort, safety, and design.

The Aqualung Group product portfolio consists of renowned brands such as Aqualung, Apeks, Omer, Aquasphere, Military Professional, U.S. Divers, and Stohlquist, offering premier dive, swim, snorkel, and paddling equipment.

Barings, represented by Benjamin Gillet, Managing Director Global Private Finance, expresses excitement about expanding their partnership with Aqualung Group. They have faith in Aqualung Group’s capabilities and strategic plans to achieve sustainable growth and solidify its position as the leader in the global diving industry.

Aqualung Group’s Chairman and CEO, Michel Abaza, remarks that this acquisition marks a new chapter in the company’s 80-year history. It provides the necessary financial resources to accelerate ongoing transformation efforts and reinforce their position in the Dive and Military Professional markets. Aqualung Group’s commitment to innovation will intensify, with increased investments in digitization, research, and technology.

With its unique industrial and technical expertise and established global brands, Aqualung Group aims to renew the pioneering spirit ignited by Captain Cousteau. They consider the preservation of the oceans as their core purpose. As a global leader, Aqualung Group feels a unique responsibility to revitalize the diving industry for younger generations and actively contribute to preserving and responsibly exploring the sea.

About Aqualung Group:
Aqualung, in collaboration with Emile Gagnan, made underwater exploration a reality in 1943 through the development of the first scuba gear. Today, Aqualung remains the world’s leading designer and manufacturer of diving equipment. It is one of 7 global brands within the Aqualung Group brand portfolio. Headquartered in Sophia Antipolis, France, Aqualung Group is an innovator in water sports, inspiring everyone to enjoy water exploration and be active in the water. Their products are available in over 100 countries worldwide. Aqualung Group is also a specialist in providing top-notch solutions for military and professional missions in any water environment through its Military Professional division.

For more information, visit www.aqualung.com.

About Barings:
Barings is a global investment manager with over $347 billion in assets under management. They source unique opportunities and build long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals located in North America, Europe, and Asia Pacific, Barings aims to serve its clients, communities, and employees while prioritizing sustainable practices and responsible investment.

*Assets under management as of September 30, 2023.
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