As announced on December 7, 2018, Mascot Bidco Oy has now commenced its voluntary recommended public cash tender offer for all the issued and outstanding shares in Amer Sports.
Mascot Bidco Oy is an investor consortium. It is formed by ANTA Sports, FV Fund (FountainVest Partners), Anamered Investments and Tencent Holdings (which will invest through Mount Jiuhua Investment as a limited partner in FV Fund).
As Amer Sports is registered in Finland, the Finnish Financial Supervisory Authority has on December 19, 2018 approved the tender offer document. The acceptance period for the tender offer will commence on December 20, 2018 at 09:30 (Finnish time) and expires on February 28, 2019 at 16:00 (Finnish time).
Back in September, having confirmed it was considering the sale of its Mavic and ENVE cycling operation, Amer Sports received an indication of interest from a consortium including Chinese sportswear company ANTA Sports Products.