Tag Archives: acquisition

Asobi Ventures acquires majority stake in Cinelli and Columbus brands

Asobi Ventures has acquired a majority share in Gruppo Srl, the parent company of Italian bicycle manufacturer Cinelli and tube manufacturer Columbus. The terms of the transaction were not disclosed. In partnership with Austin, TX-based Asobi Ventures, Cinelli and Columbus plan to expand their footprint with bike dealers globally while …

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WiggleCRC to be acquired by Signa Sports United

The WiggleCRC Group is set to be acquired by global sports e-commerce and technology platform Signa Sports United. The platform has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly traded special purpose acquisition company led by chairman and president Ron Burkle and CFO and COO Ira …

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ABUS acquires Italian helmet brand Max Studio S.R.L

ABUS has reached an agreement to acquire Italian helmet manufacturer Maxi Studio S.R.L. The company, based near Venice, was founded in 1993. It focuses primarily on the development and production of high-quality bicycle helmets and their components. “This is a very special milestone in the ABUS helmet history,” said Christian Bremicker, managing …

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Stromer sold to private equity firm Naxicap Partners

Stromer has been sold to France-based private equity firm Naxicap Partners, with GCA Altium acting as exclusive financial advisor to the shareholders. Founded in 2009, Stromer is a manufacturer of premium speed pedelecs in Europe and the United States, with a market share of over 20% in each country. The …

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Wise Equity acquires 33% share of Selle Royal

Wise Equity has acquired 33% of Selle Royal’s share capital. Selle Royal expects to close its fiscal year ended 30th June 2021 with consolidated revenues of over €190 million – a growth rate of 50% versus the prior year. Barbara Bigolin, Selle Royal’s chairwoman, CEO, and reference shareholder, said: “In …

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TSG to sell stake in Nuun to Nestlé Health Science

Private equity firm TSG Consumer Partners is to sell its stake in Nuun Hydration to Nestlé Health Science. “Over the past few years, our partnership with TSG has helped accelerate our mission to enhance the lives of millions of consumers who increasingly seek healthy fitness solutions,” said Kevin Rutherford, CEO of …

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Hama Group acquires majority stake in Messingschlager

The Hama Group, from Monheim, Germany, has acquired the majority stake in Messingschlager with retrospective effect from 1st January. “This is the best step in order to take our company further and to position it properly for the next few years,” said Benno Messingschlager, former owner of the Messingschlager GmbH …

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Paul Davis acquires Weldtite Products Ltd in management buyout

Weldtite Products Limited was sold on 2nd March via a management buyout led by Paul Davis, the incumbent managing director. Davis has acquired the majority shareholding from the Bennett-Baggs family who have owned the business for many years. David Bennett-Baggs, who previously led the business, recruited and eventually handed over …

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Polisport Group acquires helmet brand Catlike

Polisport Group has acquired helmet brand Catlike, with the aim of reinforcing its range offer in the high-end cycling market. The group will from now on exclusively assume the entire development, industrialisation, production, sales and promotion of the Catlike brand and products. “Incorporating a brand like Catlike into our team …

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SRAM acquires TIME Sport pedal business from Rossignol Group

SRAM has acquired the entire range of road and mountain pedals, cleats and all related patents of TIME Sport from the Rossignol Group. The companies completed the transaction on 18th February. “TIME is a legendary brand and was the first to focus on ergonomics through the pedal stroke,” said SRAM …

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