FountainVest Partners is seeking to divest approximately half of its holdings in Amer Sports, aiming to raise up to $1.32bn through a secondary share sale, according to a report by Bloomberg.
The Asia-based private equity firm, which was part of the original buyout consortium that acquired Amer for $5.2bn in 2019, is offering 35 million shares in the sporting goods group at a price range of $37.20 to $37.73 per share.
Amer Sports, whose portfolio includes outdoor apparel brand Arc’teryx, Wilson tennis rackets, and Louisville Slugger baseball bats, has seen its stock nearly triple since its $1.6bn IPO in early 2024. The shares were last trading at $37.40 in after-hours trading on Wednesday, down 0.9%.
FountainVest currently holds 69.1 million shares in Amer, representing a 12.5% stake. A successful sale would reduce its interest to approximately 6.2%, based on Bloomberg estimates. Under the terms of the deal, the firm will be subject to a 60-day lock-up period restricting further sales.
The original investment consortium also included China’s Anta Sports, Lululemon founder Chip Wilson, and Tencent Holdings. The transaction is being led by Goldman Sachs and Bank of America, with pricing expected to be finalised later on Wednesday.
