CPE Yuanfeng signed an equity purchase agreement with European private equity firm Jacobs Capital to acquire Mammut Sports Group AG. The transaction is still subject to regular regulatory approval procedures and relevant delivery conditions, and is expected to be completed within the next few months. Financial details of the transaction were not disclosed. Mammoth, founded in Switzerland in 1862, is a global high-end outdoor brand. The product line covers professional apparel, footwear, climbing equipment and avalanche safety equipment.

CPE Yuanfeng signed an equity purchase agreement with European private equity firm Jacobs Capital to acquire Mammut Sports Group AG. The transaction is still subject to regular regulatory approval procedures and relevant delivery conditions, and is expected to be completed within the next few months. Financial details of the transaction were not disclosed. Mammoth, founded in Switzerland in 1862, is a global high-end outdoor brand. The product line covers professional apparel, footwear, climbing equipment and avalanche safety equipment.