On 13 May 2020, HPEF III completed the sale of Odlo to Monte Rosa Sports Holding AG

Odlo is a Swiss company with Norwegian roots. Founded in 1946, Odlo is a pioneer of the three-layer principle and inventor of sports underwear. From 1986, Odlo headquarters are based in Hünenberg, Switzerland, now with approximately 800 employees across multiple locations. Odlo offers performance sportswear in 6 categories: functional sport underwear, running, training, cycling, cross-country skiing and outdoor. Odlo is market leader within functional sports underwear in Germany, Switzerland, France, Austria and Italy. The Odlo brand is distributed worldwide in more than 35 countries.

HPEF III acquired Odlo in 2010. Following several years of mixed performance, Odlo was brought back to a trajectory of profitable growth. On 13 May 2020, HPEF III completed the sale of Odlo to Monte Rosa Sports Holding AG.