Kirkland Advises Amer Sports and its Investor Consortium on Precor’s Sale to Peloton
Kirkland & Ellis is advising Amer Sports, a Finnish sporting goods company, along with its investor consortium ANTA Sports (HKG:2020.HK), FountainVest Partners, Anamered Investments Inc. and Tencent Holdings Limited, in the sale of Amer’s Precor division to Peloton (NASDAQ:PTON) for $420 million USD. Precor is one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. With the acquisition, Peloton, the leading interactive fitness platform, plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly skilled team, and accelerate Peloton’s penetration of the commercial market. The transaction is expected to close in early 2021, subject to satisfaction of customary closing conditions.
Read more in Peloton’s press release
The Kirkland team was led by transactional partners Maggie Flores, Jon Davis and Daniel Dusek and associates Jaye Kasper and Laylee Ghiasi, technology & IP transactions partner Daisy Darvall and associate Mannat Sharma, tax partner Jeff Ekeberg and associate Sean Hamner, and antitrust and competition partners Ian John and Jeff Ayer, along with transactional partner Nicholas Norris and associate Diana Chan.
