Amer Sports Corporation (HLSE:AMEAS) agreed to acquire Peak Performance Production AB from IC Group A/S (CPSE:IC) for DKK 1.9 billion on April 30, 2018. The purchase consideration will be financed by Amer Sports Corporation's cash reserve and bridge facility of €180 million (DKK 1.3 billion). Peak Performance AB reported net sales of DKK 1.1 billion and earnings before interest and tax of DKK 123 million in the last 12 months. Post acquisition, 300 employees of Peak Performance will become a part of Amer Sports Corporation. The deal is subject customary closing conditions, including approval from regulatory authorities. On June 25, 2018, competition authorities unconditionally approved the acquisition. The acquisition is not subject to any other approvals. The transaction is expected to be completed on June 30, 2018. The net proceeds from the sale are expected to be distributed to shareholders as an extraordinary dividend upon final closing of the agreement. The acquisition will have a minor positive impact on Amer Sports Corporation's 2018 financial results, subject to final timing of the closing. Rothschild & Co acted as exclusive financial advisor to IC Group A/S. Skandinaviska Enskilda Banken AB (publ.) acted as financial advisor and Thomas Weincke and Louise Hilligsoe Norgaard of Accura acted as legal advisors to Amer Sports Corporation.

Amer Sports Corporation (HLSE:AMEAS) completed the acquisition of Peak Performance Production AB from IC Group A/S (CPSE:IC) on June 29, 2018. Peak Performance business will be consolidated into Amer Sports as of July 2, 2018. Effective immediately, Jon Hoerauf is appointed President Amer Sports Apparel Category, and member of Amer Sports Executive Board. The purchase of Peak Performance business has been approved by the applicable regulatory authorities. The net proceeds are expected to be distributed to the shareholders of IC Group as extraordinary dividend. The acquisition will have a minor positive impact on Amer Sports' 2018 financial results.