The proprietor of Mammut Sports Group AG is exploring a sale of the Swiss outside gear maker, individuals conversant in the matter stated.
Jacobs Capital is searching for greater than €500 million ($584 million) from a possible sale of the corporate, in accordance with the individuals. Jacobs and Mammut are working with Houlihan Lokey Inc., they stated.
Deliberations are preliminary and won’t end in a transaction, the individuals stated, asking to not be recognized as a result of the knowledge is personal. Spokespeople for Jacobs Capital, Mammut and Houlihan Lokey declined to remark.
Mammut, based in 1862, makes premium gear for mountain sports activities. It was purchased in 2021 by Telemos Capital, which final 12 months mixed with the household workplace that managed the wealth behind Swiss chocolate dynasty Barry Callebaut AG. In addition to Mammut and Barry Callebaut, the mixed entity — Jacobs Capital — owns belongings together with Cognita Schools and health-care firms.
Sports gear has gained recognition amongst strategic and monetary consumers on robust shopper curiosity in health and tools. Anta Sports Products Ltd., which purchased Jack Wolfskin in a $290 million deal final 12 months, can be weighing a bid for Puma SE, individuals conversant in the matter have stated.
By Dong Cao, Vinicy of Chan, Crystal Tst
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