Anta Seeks Asian, European Financing for Amer Acquisition
The Chinese sneaker maker is syndicating a €2.2 billion five-year facility in Asia and another €1.7 billion seven-year term loan that will be syndicated in the EU in order to complete its acquisition of Amer Sports at €40 per share for a total of €4.7 billion, according to Bloomberg. Anta is being backed by Asian PE firm FountainVest in the transaction. The report does not indicate that the financing is completely in place, but Amer’s stock moved up nearly 5% to €33.44 on the report. The deal would be the largest acquisition of a Western brand by a Chinese company ... Log in to view full article.