China’s Anta may sell shares of Amer, the owner of Arc’teryx, Atomic, Salomon, Wilson and other sports brands
- Anta and its co-investors in the Wilson tennis racket maker are holding preliminary talks with investment banks for an IPO that could raise about US$1 billion or more
- The group, which includes private equity firm FountainVest Partners, is considering a listing that could take place as early as next year
Anta and its co-investors in the Wilson tennis racket maker are holding preliminary talks with investment banks for an IPO that could raise about US$1 billion or more, the people said. The group, which includes private equity firm FountainVest Partners, is considering a listing that could take place as early as next year, the people said.
The final size and venue haven’t been decided, the people said, asking not to be identified because the matter is private.
Along with Wilson, Amer Sports’s brand portfolio features Arc’teryx outdoor gear, Atomic winter equipment, Salomon ski boots and Louisville Slugger baseball bats. Its first-half revenue hit a record high, reaching almost 10 billion yuan (US$1.4 billion), or a 21 per cent increase from a year earlier, according to Anta’s interim report. The business has expanded in China despite the impact of the country’s zero-Covid strategy on consumer spending.
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Considerations are at an early stage and Anta and its partners could decide against a listing, the people said.
Representatives for Anta and FountainVest did not immediately respond to requests for comment.
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The company said in its 2021 annual report that the investor consortium has set a strategic growth plan for Amer to unlock its full potential but did not provide further details.
Anta shares have dropped about 17 per cent this year, valuing the company at about US$33.7 billion.
