Jacobs Capital is exploring a sale of Mammut Sports Group AG, seeking more than €500 million ($584 million), sources told the Fashion Network.

Houlihan Lokey has been retained as the financial advisor.

Sources also said deliberations are preliminary and might not result in a transaction.

Telemos Capital, which acquired Mammut in 2021, merged with Jacobs Holding this year to create Jacobs Capital.

Image courtesy Mammut