HELSINKI (BRAIN) — Private equity investor consortium Mascot Bidco Oy has made a cash offer to purchase all issued and outstanding shares of Amer Sports Corporation, currently valued at 4.6 million euros (about $3.9 million). This excludes shares held by Amer Sports or its subsidiaries. Amer’s board of directors has recommended that shareholders accept the offer.
The investor consortium includes Hong Kong-based Anta Sports, a major athletic shoe supplier and retailer; FV Fund, an investment vehicle managed by Chinese equity firm FountainVest Partners; Anamerend Investments, which is owned by Lululemon Athletica, Inc. founder Chip Wilson; and Chinese investment conglomerate Tencent. Anta will hold 57.9 percent of the shares, FV Fun 21.4 percent, Tencent 5.63 percent and Anamered Investments will own 20.6 percent.
The group has offered 40 euros in cash per share, which represents a premium of 39 percent compared the share closing price on Sept. 10, the day before Anta first made the bid to purchase Amer. At the time of the offer, Amer had issued a total of 116,517,285 shares, of which 115,220,745 shares are outstanding, and 1,296,540 shares are held in treasury.
Nasdaq Helsinki transferred Amer shares into observation, stopping trading at …read more