White & Case Advises Amer Sports Corporation on Mascot Bidco Oy’s Voluntary Recommended Public Cash Tender Offer
Global law firm White & Case LLP is advising Amer Sports Corporation on Mascot Bidco Oy's voluntary recommended cash tender offer for all the shares in Amer Sports Corporation.
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.
"We have advised our long-standing client Amer Sports on this important and challenging milestone transaction," said Helsinki-based White & Case partner Petri Haussila, who is leading the team advising on the transaction. "While one always feels certain regret when a fine Finnish public company exits the Helsinki Stock Exchange, this transaction will enable Amer Sports to accelerate the growth of the global footprint of its outstanding brand portfolio and, hopefully, then make a return to the public market as an even stronger global company. This transaction also represents another fine example of our Helsinki team utilizing the global White & Case offering, working closely with our teams in Beijing, Brussels, Geneva, Hong Kong, London, Shanghai and Washington, DC to make this transaction possible."
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).
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