Paris-based buyout firm Activa Capital has acquired a minority stake in French sporting goods retailer Sport 2000 in its first deal since raising a €320m ($492m) fund last year.

Activa acquired a 37% stake in the business, which has reorganised itself as a private company rather than a cooperative following the deal. Debt financing was used as part of the deal, although Activa did not disclose financial details of the transaction.