Tag Archives: acquisition

MiddleGround Capital acquires North American bike parts and accessories distributor HLC

MiddleGround Capital has acquired HLC, a distributor of bicycle parts and accessories in North America. Headquartered in Lévis, Quebec and Lexington, South Carolina, HLC distributes more than 170 brands including SRAM, Shimano, Garmin, ABUS, RockShox, Kuat, Tacx and Muc-Off. HLC also has a portfolio of owned brands including Evo, WheelShop, …

Read More »

Cadence Performance acquires Evernden Cycles in Kent

Cadence Performance has announced its latest retail store location, taking over Evernden Cycles as the previous owners venture into retirement. The store will join the growing family at Cadence Performance as it opens its sixth location. Earlier this year, Cadence Performance announced it was taking control of Giant St Paul’s, …

Read More »

Promovec Holdings strengthens UK presence with full acquisition of Batribike

Promovec Holdings has strengthened its presence in the UK with the full acquisition of Batribike. The Batribike brand was established in the UK in 2007 by the Coulson family. In 2017 in a strategic move to increase market penetration within the UK and EU they formed a new company, Batribike …

Read More »

Vista Outdoor to acquire California-based Fox Racing for $540 million

Vista Outdoor has entered into a definitive agreement to acquire California-based Fox Racing. The purchase price is $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance. Jeffrey McGuane, CEO of Fox Racing, will continue to lead the company following the closing of …

Read More »

KKR-led consortium proceeds with Accell Group acquisition

The KKR-led consortium set to acquire Accell Group will move forward with its offer despite not meeting the 80% acceptance threshold. The Accell Group has announced that 77.8% of shares are now tendered or committed, as in addition to the 73.53% of the shares tendered or committed on 3rd June 2022, …

Read More »

Porsche takes over e-bike drive systems manufacturer Fazua

Porsche has taken over Fazua, a manufacturer of light and compact drive systems for e-bikes. The Stuttgart-based sports car manufacturer has now acquired all of Fazua’s shares, after buying into the company with a 20% stake earlier this year. “In Fazua, we have found a strong partner with a great …

Read More »

Strava acquires injury prevention app Recover Athletics

Strava has acquired Recover Athletics, a prehab app for runners. The acquisition will give all Strava subscribers access to Recover Athletics content including personalised prehab and injury prevention exercise plans. “Recover Athletics addresses a fundamental problem for athletes and provides an avenue to avoid painful periods of injury in order …

Read More »

Cadence Performance taking control of Giant St Paul’s

Cadence Performance has announced it is taking control of Giant St Paul’s, based in the heart of London. Cadence said it looks forward to bringing the St Paul’s team into the Cadence family of four existing stores – Crystal Palace, Radlett, Twickenham and Shoreham-by-Sea. “Our relationship with the team at …

Read More »

United Sports Brands acquires cycling brand Pearl Izumi from Shimano

United Sports Brands (USB) has acquired Pearl Izumi USA from Shimano. The manufacturer and retailer of cycling apparel and accessories will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands. Pearl Izumi was founded in Tokyo in 1950 and …

Read More »

TVS Motor Company acquires UK distributor Ebco

TVS Motor Company has acquired a majority interest in Ebco Ltd, which owns the Ebco brand and distributes German brand Corratec (IKO Europe GmbH). For two and three-wheeler manufacturer TVS Motor, acquiring Ebco is the latest phase of its initiative to establish a solid European footprint in the e-bike market. …

Read More »