Anta-led consortium, consisting of Fountainvest Partners, Tencent and Anamered, agreed to acquire Amer Sports for $5.2bn. Under the terms of the transaction, Anta would acquire 58% of Amer Sports. Fountainvest Partners would receive 21%, and Canadian billionaire Chip Wilson, founder of yoga apparel company Lululemon Athletica would take a 21% stake. “We are delighted about the opportunity to invest in Amer Sports, a sporting goods company with a strong portfolio of internationally-recognized brands. Sports is a common language that connects people across the globe and transcends different cultures and backgrounds. We share the same passion as Amer Sports’ management in providing excellent products, services and experiences that inspire sports lovers’ achievements and enjoyment, as well as setting the standard for innovation. In particular, we are excited to bring these premium international brands and products to Chinese consumers, who increasingly seek high-end products with outstanding qualities and heritage in various niche and specialized sports segments. Working closely with the other Investor Consortium members, we are fully committed to backing Amer Sports‘ talented management and employee team to stay true to its premium brand value as it accelerates into the next stage of growth under the Investor Consortium’s ownership,” Ding Shizhong, ANTA Sports Chairman and CEO.