Telemos Capital Limited agreed to acquire Mammut Sports Group AG from Conzzeta AG (SWX:CON) on April 24, 2021. For the year ended December 31, 2020, Mammut recorded the revenues of CHF 218 million. The deal is subject to regulatory approvals.

The deal is expected to close in mid 2021. David Oser, Reto Heuberger and Daniel Haeberli from Homburger AG acted as legal advisor and GCA Altium AG acted as financial advisor to Telemos. Matthias Courvoisier and Alexander Blaeser of Baker & McKenzie (Zurich) acted as legal advisor to Conzzeta AG.