Transaction, led by Chinese retailer ANTA Sports, values Amer at €5.6 billion
Fort Capital Partners is pleased to announce that Anamered Investments has teamed with ANTA Sports Products (HKSE:2020), FountainVest Partners and Tencent Holdings (together with Anamered, the “Investor Consortium”) to acquire all the shares of Amer Sports (Nasdaq Helsinki: AMERS) by way of voluntary tender offer.
Amer Sports is a Finnish sporting goods company with internationally recognized brands including Arc’teryx, Salomon, Peak Performance, Atomic, Mavic, Suunto, Wilson and Precor.
Together with refinancing of the debt of Amer Sports, the transaction is valued at approximately € 5.6 billion (US$6.4 billion). ANTA Sports owns approximately 58% of Amer Sports, with the balance owned by Anamered Investments (20.7%), FountainVest Partners (15.8%) and Tencent (5.6%).
Chip Wilson, Chairman of Hold It All and owner of Anamered Investments, commented: “Amer Sports owns an attractive portfolio of brands that we have long admired and used in our day to day lives. We are excited to have this opportunity to help their brands grow globally and to see Amer Sports lead the way in the evolution of the athletic apparel industry as a whole. Amer Sports’ brands have exceptional potential for growth in an environment that is increasingly valuing quality, technically oriented soft goods. The members of the Investor Consortium share a common philosophy and have backgrounds and capabilities that are highly complementary, and these will be of considerable benefit to Amer Sports.”
RBC Capital Markets and Fort Capital provided advice to the Wilson Family on its role with the Investor Consortium, with Bennett Jones and Choate Hall & Stewart acting as legal counsel to Anamered. The Investor Consortium and Amer Sports were represented by Citibank and Goldman Sachs, respectively.