China's Anta Sports to purchase its Finnish counterpart (5.3 billion Euro)

[TaiShang]

China's Anta Sports to purchase its Finnish counterpart

China Plus Published: 2018-09-13


Chinese sports brand Anta issued a notice at Hong Kong Exchanges on Wednesday that it will make a joint offer with private equity firm Fountain Vest to acquire its Finnish counterpart Amer Sports. The price is around 4.6 billion euros (5.3 US dollars).

An Anta store located in Huaibei, Anhui Province is seen here. [Photo: IC]

One day earlier, Amer Sports announced that it had received a takeover offer from Anta and Fountain Vest. Its stock price closed at 34.64 euros, a gain of 20% over the day before.

Anta said it plans to purchase all Amer Sports stocks at 40 euros per share. Anta has acquired several popular global brands in recent years, such as Descent, Kolon and Fila.

Acquisitions have been profitable for the company. In the first half of this year, Fila's growth rate reached 85%, said Anta CEO Zheng Jie.

Anta Sports' revenue stood at 10.5 billion yuan from January to June, with a gross profit rate of 54.3%.

http://chinaplus.cri.cn/news/business/12/20180913/183209.html

 

[clibra]

Amer Sports ? never heard of this brand, is it worth 5.3 bln $ ?

 

[TaiShang]

Amer Sports ? never heard of this brand, is it worth 5.3 bln $ ?

They have a number of pretty popular brands under their roof, including Wilson, Salomon and Peak Performance.

For instance: "Wilson is the world’s leading manufacturer of ball sports equipment. Wilson’s core sports are tennis, baseball, American football, golf, basketball, softball, badminton and squash."

https://www.amersports.com/brands/

***

This is an excellent purchase.

 

[clibra]

They have a number of pretty popular brands under their roof, including Wilson, Salomon and Peak Performance.

For instance: "Wilson is the world’s leading manufacturer of ball sports equipment. Wilson’s core sports are tennis, baseball, American football, golf, basketball, softball, badminton and squash."

https://www.amersports.com/brands/

***

This is an excellent purchase.

I have a Wilson tennis racket, yeah it's a good purchase.

 

[Adam WANG SHANGHAI MEGA]

This is a waste of money that is not necessary. China Anta Group does not need to spend so much money to buy this company.

Huawei never buys foreign companies because the most powerful force is its own R&D and innovation capabilities.

 

[TaiShang]

This is a waste of money that is not necessary. China Anta Group does not need to spend so much money to buy this company.

Huawei never buys foreign companies because the most powerful force is its own R&D and innovation capabilities.

This company has powerful brands, itself is just a holdings company. Those individual brands most likely hold a ton of IPs and innovations.

If you look at other global sports brands like Nike or Adidas, you will also see they command a line of acquired sub-brands for the purpose of market access, control and IP pool.

This buy-out is very smart and strategic. Not like burying money in a dying sports club, hotel chain, golf course or casino. Those are real stupid investments.

 

[TaiShang]

Dec 08, 2018 04:46 AM

Anta Sports Products Makes $5.2 Billion Pitch for Finland’s Amer

By Shen Xinyue and Denise Jia

Anta is seeking to buy Finland’s Amer Sports OYJ for 4.6 billion euros ($5.2 billion) in an all-cash deal. Photo: VCG

A consortium led by China’s Anta Sports Products Ltd., the country’s largest sportswear company, has made a firm offer to buy Finland’s Amer Sports OYJ for 4.6 billion euros ($5.2 billion) in an all-cash deal.

The deal will make Anta, China’s largest sportswear company, owner of a portfolio of well-known sports brands, including Wilson tennis rackets, Salomon ski boots and Arc’teryx outdoor gear.

https://www.caixinglobal.com/2018-1...illion-pitch-for-finlands-amer-101357066.html

 

[TaiShang]

Anta's Mega-Purchase of Wilson Tennis Racket Maker Nears Finish Line

By Qiu Renyu / Feb 05, 2019

Photo: VCG

One of China's biggest-ever overseas retail purchases is coming into the home stretch as a group led by Anta Sports prepares to take over the Finland-based maker of Wilson tennis rackets and Atomic skis.

Chinese sports apparel company Anta announced yesterday that there will be an extraordinary general meeting (EGM) for shareholders on Feb. 22 to vote on the 4.6 billion euro ($5.2 billion) acquisition of Amer Sports OYJ. Scheduling of the EGM indicates that the deal, first rumored in September and officially announced in December, is close to completion.

Anta, one of China’s largest homegrown makers of sporting goods, is making the bid with internet giant Tencent, Chinese private-equity firm FountainVest Partners, and the billionaire owner of Anamered Investments, Chip Wilson. The purchase at 40 euros per share means that Anta will take majority control of a portfolio of globally-known sports brands such as Louisville Slugger baseball bats, Salomon ski gear and Arc’teryx outdoor gear.

While high-tech international acquisitions have run into problems recently due to rising tensions, Anta and its partners have had a smooth ride through the process.

 

[oprih]

Good, the reach of Chinese sports brand worldwide will increase faster.

 

[TaiShang]

It is complete.

***

Anta Sports buys Amer Sports for 4.6 bln euros

CGTN

A consortium led by China's Anta Sports Products Ltd., the country's largest sportswear company, has bought Finnish firm Amer Sports for 4.6 billion euros (5.15 billion U.S. dollars).

Anta Sports, estimated to be worth 12.5 billion U.S. dollars, has been stepping up efforts to acquire foreign brands. The deal makes Anta owner of a portfolio of well-known sports brands, including Wilson tennis rackets, Salomon ski boots and Arc'teryx outdoor gear.

Amer Sports said in a statement that the offer, announced in September and launched in December last year, had been successful with some 94 percent of its shares sold to the group.

Besides Anta Sports, the consortium, set up to conduct the bid, includes Tencent, Asian investment fund FountainVest Partners and Anamered Investments which is run by Canadian businessman Chip Wilson.

Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s.

Estimated to be worth 4.4 billion euros, Amer Sports last reported annual sales of 2.7 billion euros and employs around 9,500 people.

https://news.cgtn.com/news/3d3d774d79516a4d33457a6333566d54/index.html