Mascot Bidco Oy’s voluntary recommended cash tender offer for all the shares in Amer Sports Corporation


White & Case LLP is advising Amer Sports Corporation on the transaction

An investor consortium including ANTA Sports, FountainVest, Anamered Investments (owned by Chip Wilson, the founder of Lululemon) and an affiliate of Tencent has been formed to make the tender offer through Mascot Bidco Oy, which on December 7, 2018 signed a Combination Agreement with Amer Sports under which it has agreed to make a voluntary recommended cash Tender Offer for all of the issued and outstanding shares in Amer Sports. The terms of the Tender Offer value the entire issued and outstanding share capital of Amer Sports at €4.6 billion. This is the largest ever public cash tender offer for a Finnish listed company.

Amer Sports, listed on Nasdaq Helsinki stock exchange, is a sporting goods company with internationally recognized brands including Wilson, Salomon, Arc’teryx, Atomic, Peak Performance, Mavic, Suunto, and Precore.

The White & Case team which is advising on the transaction is led by partner Petri Haussila (Helsinki) and includes partners Timo Airisto, Petri Avikainen (both Helsinki), Vivan Tsoi (Shanghai), Catherine Tsang (Hong Kong) Pontus Lindfelt (Brussels), Lee Cullinane (London) and Farhad Jalinous (Washington, DC), and with support from counsel Karalyn Mildrof (Washington, DC) and Sara Nordin (Geneva), and associates Essi Lavikkala, Heidi Hietanen (both Helsinki), Rebecca Yourstone, Deborah Kelly (both London), Marika Harjula (Brussels), Siyuan Pan (Beijing) and Victoria Jiejin Yu (Hong Kong).

Involved fees earner: Timo Airisto – White & Case; Petri Avikainen – White & Case; Lee Cullinane – White & Case; Marika Harjula – White & Case; Petri Haussila – White & Case; Heidi Hietanen – White & Case; Farhad Jalinous – White & Case; Deborah Kelly – White & Case; Essi Lavikkala – White & Case; Pontus Lindfelt – White & Case; Karalyn Mildorf – White & Case; Sara Nordin – White & Case; Siyuan Pan – White & Case; Catherine Tsang – White & Case; Vivian Tsoi – White & Case; Jiejin Yu – White & Case;

Law Firms: White & Case;

Clients: Amer Sports Corporation;