Mascot Bidco Oy announces a voluntary recommended public cash tender offer for all the shares in Amer Sports Corporation

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ANTA Sports Products Limited, FV Fund (an investment vehicle managed by FountainVest Partners), Anamered Investments (an investment vehicle owned by Mr. Chip Wilson) and Tencent (investing through Tencent SPV as a limited partner in FV Fund) form an Investor Consortium for the purposes of the voluntary recommended public cash tender offer for all the issued and outstanding shares in #amersports Corporation made by #mascotbidcooy.

KEY HIGHLIGHTS AND SUMMARY OF THE TENDER OFFER
- #mascotbidcooy, members of an Investor Consortium including ANTA Sports, FV Fund and Anamered Investments, and #amersports signed a Combination Agreement under which #mascotbidcooy will make a voluntary recommended cash Tender Offer for all of the issued and outstanding shares in #amersports, excluding shares held by #amersports and its subsidiaries. ANTA Sports, FV Fund, Anamered Investments and Tencent (which will invest through Tencent SPV as a limited partner in FV Fund) form an Investor Consortium for the purposes of the Tender Offer, which indirectly will own 100 percent of #mascotbidcooy upon completion of the Tender Offer. The offer price under the Tender Offer is EUR 40.00 in cash per #amersports share.

- The offer price represents a premium of 39 percent compared to the closing price of #amersports shares on September 10, 2018 (the day prior to #amersports confirming the receipt of a non-binding preliminary indication from ANTA Sports and FountainVest), and a premium of 43 percent compared to the volume-weighted average price of #amersports shares during the 3-month period prior to and up to September 10, 2018. The terms of the Tender Offer value the entire issued and outstanding share capital of #amersports at EUR 4.6 billion.

- The offer price represents a premium of 39 percent compared to the closing price of #amersports shares on September 10, 2018 (the day prior to #amersports confirming the receipt of a non-binding preliminary indication from ANTA Sports and FountainVest), and a premium of 43 percent compared to the volume-weighted average price of #amersports shares during the 3-month period prior to and up to September 10, 2018.

- The terms of the Tender Offer value the entire issued and outstanding share capital of #amersports at EUR 4.6 billion.

- The Investor Consortium intends to invest significant time, resources and effort in helping #amersports to accelerate several important ongoing and new strategic initiatives under private ownership, including expanding Amer Sports’ businesses in the Chinese market.

- This includes investing capital and resources in product development and human talent on a global basis to provide Amer Sports’ existing management team and employees with the optimal platform from which to implement its medium- to long-term strategic plans. In doing so, #amersports will not only grow into a broader platform for Amer Sports’ employees to thrive on, but will also form stronger, mutually beneficial partnerships with all its stakeholders.

Further information in the press release to download