Four firms have advised on Amer Sports’s USD1.37 billion IPO on the NYSE in the largest listing by a Chinese-owned company in the US since ride-hailing app DiDi’s offering in 2021.
The Davis Polk team, acting as US counsel to Amer Sports, included capital markets partners Michael Kaplan, Roshni Cariello and He Li. Partners Jennifer Conway and Michael Mollerus provided executive compensation and tax advice, respectively.
Christopher Bickley, head of the Hong Kong office for Conyers Dill & Pearman, and partner Flora Wong acted for the issuer on Cayman Islands law.
The King & Wood Mallesons team, led by partners Gong Mulong, Ma Tianning and Wu Han, advised the issuer on PRC law.
Capital markets partners Marc Jaffe, Ian Schuman, Michael Benjamin and Adam Gelardi led the Latham & Watkins team, advising the underwriters, including Goldman Sachs, BofA Securities, JP Morgan, Morgan Stanley, Citigroup and UBS.
Partners Robert Blamires, Betty Huber, Bradd Williamson, Jiyeon Lee, Jeffrey Tochner and Terris Tang resolved legal matters on data privacy and security, ESG, benefits and compensation, taxation, IP, and China regulations, respectively.
The Hong Kong-listed Anta Sports, along with FountainVest Partners, Tencent and others, acquired Amer Sports for EUR4.6 billion (USD4.9 billion) in 2019, marking the largest cross-border acquisition in this industry in China to date. Prior to the IPO, Anta Sports held a 57.95% stake in Amer Sports.
Amer Sports now owns several brands, including Arc’teryx, Salomon, Wilson and Atomic.
