ENVE parent Amer Sports has applied to delist from the Nasdaq Helsinki following investment from Mascot Bidco OY.
Mascot Bidco OY gained all title shares in the Amer business earlier this year and has taken the stance that there is no longer a need for the business to be publicly listed and should be removed as soon as possible.
Having sold off the Mavic label to Californian private equity firm Regent last month, which also scooped a number of labels from Accell this month, Amer’s cycling business presence has shrunk over time.
A statement by the business reads:
“The ownership change is expected to provide further opportunities for the company’s business and employees globally. The consortium has planned to invest significant financial and other resources to accelerate Amer Sports’ growth globally as the company continues to drive sustainable growth, building on the strength of a leading brand portfolio.
“The growth will be further accelerated with focus on Apparel and Footwear, Direct to Consumer, China, and United States – in line with the current priorities.”