As expected (indeed, it was the only game in town) Cycle Bid Co. was successful in its attempt to own the Derby Cycle Corporation, latterly given Chapter 11 bankruptcy protection in the States

Sole bidder wins Derby

Cycle Bid Co. is the MBO vehicle driven by Derby’s president Alan Finden-Crofts, with former investors – such as Perseus – in the backseat.

On the first day of Interbike (Sunday) bikebiz.co.uk will flesh out this story after bearding execs on the ‘Derby’ stand.

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